Coeur Mining, Inc. (NYSE:CDE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois. “
Other analysts also recently issued research reports about the company. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 target price on shares of Coeur Mining in a research note on Thursday, August 24th. Canaccord Genuity reissued a “buy” rating and set a $11.75 target price on shares of Coeur Mining in a research note on Thursday, September 7th. Roth Capital set a $13.00 target price on Coeur Mining and gave the company a “buy” rating in a research note on Wednesday, June 14th. BMO Capital Markets reissued a “buy” rating and set a $11.00 target price on shares of Coeur Mining in a research note on Friday, June 30th. Finally, Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Coeur Mining has an average rating of “Hold” and an average price target of $11.62.
Coeur Mining (NYSE:CDE) traded down 5.14% on Tuesday, hitting $9.04. 2,445,724 shares of the company traded hands. The firm has a market capitalization of $1.64 billion, a PE ratio of 23.48 and a beta of 0.39. Coeur Mining has a 1-year low of $7.30 and a 1-year high of $12.30. The firm’s 50 day moving average price is $9.04 and its 200 day moving average price is $8.78.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. Equities research analysts predict that Coeur Mining will post $0.13 EPS for the current fiscal year.
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In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 28,800 shares of Coeur Mining stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $8.50, for a total value of $244,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Hans John Rasmussen sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $92,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,610 shares of company stock worth $602,855. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDE. Great West Life Assurance Co. Can increased its position in shares of Coeur Mining by 90.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,041 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 11,400 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Coeur Mining by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 850,024 shares of the basic materials company’s stock valued at $6,868,000 after purchasing an additional 52,875 shares during the last quarter. Swiss National Bank increased its position in shares of Coeur Mining by 16.1% during the 1st quarter. Swiss National Bank now owns 309,800 shares of the basic materials company’s stock valued at $2,503,000 after purchasing an additional 42,900 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Coeur Mining by 68.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 116,890 shares of the basic materials company’s stock valued at $944,000 after purchasing an additional 47,441 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Coeur Mining during the 1st quarter valued at approximately $339,000. 68.90% of the stock is currently owned by hedge funds and other institutional investors.
Coeur Mining Company Profile
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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