Coeur Mining (NYSE:CDE) Receives Buy Rating from Roth Capital
Roth Capital restated their buy rating on shares of Coeur Mining (NYSE:CDE) in a report released on Monday morning, Zacks.com reports.
A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets raised shares of TMAC Resources from a market perform rating to an outperform rating in a research note on Thursday, May 2nd. Noble Financial reissued a buy rating and set a $5.00 target price on shares of Coeur Mining in a research note on Monday. Raymond James reissued a buy rating on shares of Intercept Pharmaceuticals in a research note on Thursday, June 6th. Zacks Investment Research raised shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Monday, July 8th. Finally, ValuEngine lowered shares of TheStreet from a buy rating to a hold rating in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Coeur Mining has a consensus rating of Buy and an average price target of $5.00.
Coeur Mining stock opened at $5.05 on Monday. The business has a 50 day moving average price of $3.86. Coeur Mining has a 52 week low of $2.78 and a 52 week high of $8.20. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The firm has a market cap of $984.48 million, a price-to-earnings ratio of -505.00 and a beta of 0.97.
In related news, CFO Thomas S. Whelan bought 25,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was bought at an average price of $2.84 per share, with a total value of $71,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director J Kenneth Thompson bought 15,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $2.93 per share, with a total value of $43,950.00. Following the purchase, the director now directly owns 150,645 shares in the company, valued at $441,389.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,750 shares of company stock valued at $120,200 in the last three months. Company insiders own 1.88% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of Coeur Mining by 1,075.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 10,930 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 10,000 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Coeur Mining during the 4th quarter valued at $52,000. Hsbc Holdings PLC raised its holdings in shares of Coeur Mining by 77.1% during the 4th quarter. Hsbc Holdings PLC now owns 19,197 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 8,358 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Coeur Mining during the 4th quarter valued at $96,000. Finally, Quantamental Technologies LLC raised its holdings in shares of Coeur Mining by 81.4% during the 1st quarter. Quantamental Technologies LLC now owns 22,108 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 9,920 shares in the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.
Coeur Mining Company Profile
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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