Coeur Mining, Inc. (CDE) Receives Average Rating of “Hold” from Analysts
Coeur Mining, Inc. (NYSE:CDE) has earned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.84.
Several equities analysts recently commented on CDE shares. Royal Bank Of Canada restated a “buy” rating and set a $13.00 target price on shares of Coeur Mining in a research report on Thursday, August 24th. Raymond James Financial, Inc. restated a “market perform” rating and set a $9.50 target price on shares of Coeur Mining in a research report on Thursday, September 7th. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. BMO Capital Markets started coverage on Coeur Mining in a research report on Friday. They set an “outperform” rating and a $10.50 target price for the company. Finally, ValuEngine downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.
In related news, VP Mark Spurbeck sold 15,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $9.29, for a total value of $95,779.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,610 shares of company stock valued at $708,955. Insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDE. UBS Group AG raised its holdings in Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 1,267 shares in the last quarter. Stevens Capital Management LP bought a new stake in Coeur Mining in the second quarter valued at approximately $123,000. Teacher Retirement System of Texas raised its stake in Coeur Mining by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock valued at $125,000 after buying an additional 182 shares during the period. Russell Investments Group Ltd. bought a new stake in Coeur Mining in the second quarter valued at approximately $141,000. Finally, Sigma Planning Corp bought a new stake in Coeur Mining in the second quarter valued at approximately $143,000. Institutional investors and hedge funds own 69.18% of the company’s stock.
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Shares of Coeur Mining (CDE) opened at $7.37 on Monday. Coeur Mining has a fifty-two week low of $6.98 and a fifty-two week high of $12.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The firm had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. During the same period in the previous year, the business posted $0.23 EPS. Coeur Mining’s revenue for the quarter was up 1.5% compared to the same quarter last year. sell-side analysts predict that Coeur Mining will post -0.05 EPS for the current year.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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