Noble Financial Reaffirms “Hold” Rating for Coeur Mining (CDE)
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Coeur Mining from a hold rating to a sell rating in a report on Thursday. Royal Bank of Canada set a $10.00 price target on shares of Coeur Mining and gave the company a buy rating in a report on Tuesday, December 5th. Raymond James Financial upgraded shares of Coeur Mining from a market perform rating to an outperform rating and raised their price target for the company from $10.25 to $10.50 in a report on Tuesday, November 21st. BMO Capital Markets began coverage on shares of Coeur Mining in a report on Friday, November 17th. They issued an outperform rating and a $10.50 price target on the stock. Finally, Roth Capital lowered their price target on shares of Coeur Mining from $12.50 to $10.00 and set a buy rating on the stock in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $10.29.
Coeur Mining (NYSE:CDE) opened at $8.55 on Thursday. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. Coeur Mining has a 1-year low of $6.71 and a 1-year high of $12.30. The stock has a market cap of $1,590.00, a PE ratio of -85.50 and a beta of 0.38.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) 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 business had revenue of $176.00 million for the quarter, compared to the consensus estimate of $185.09 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. equities analysts anticipate that Coeur Mining will post -0.05 earnings per share for the current year.
In related news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $7.67, for a total value of $76,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark Spurbeck sold 15,000 shares of Coeur Mining stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in CDE. Van ECK Associates Corp boosted its stake in Coeur Mining by 46.8% in the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after purchasing an additional 5,933,383 shares in the last quarter. Investec Asset Management LTD acquired a new stake in Coeur Mining in the 2nd quarter worth approximately $28,801,000. Dimensional Fund Advisors LP boosted its stake in Coeur Mining by 65.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after purchasing an additional 1,840,601 shares in the last quarter. Teachers Advisors LLC boosted its stake in Coeur Mining by 259.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,157,842 shares of the basic materials company’s stock worth $9,934,000 after purchasing an additional 835,734 shares in the last quarter. Finally, Northpointe Capital LLC acquired a new stake in Coeur Mining in the 3rd quarter worth approximately $7,063,000. Institutional investors own 69.73% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/noble-financial-reaffirms-hold-rating-for-coeur-mining-cde/1806958.html.
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.
Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with Analyst Ratings Network's FREE daily email newsletter.