Zacks Investment Research cut shares of Coeur Mining, Inc. (NYSE:CDE) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday, October 18th.
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 have also recently issued reports about the stock. BMO Capital Markets restated a buy rating and set a $11.00 price target on shares of Coeur Mining in a research note on Friday, June 30th. UBS AG cut shares of Coeur Mining from an outperform rating to a market perform rating in a research note on Thursday, September 7th. BidaskClub cut shares of Coeur Mining from a hold rating to a sell rating in a research note on Wednesday, June 21st. Noble Financial restated a hold rating on shares of Coeur Mining in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reaffirmed a buy rating on shares of Coeur Mining in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $11.19.
Shares of Coeur Mining (CDE) traded up 1.46% during trading on Wednesday, hitting $7.63. The company had a trading volume of 3,524,370 shares. Coeur Mining has a 12-month low of $7.30 and a 12-month high of $12.30. The stock has a market cap of $1.38 billion, a PE ratio of 19.82 and a beta of 0.40. The firm has a 50 day moving average of $9.07 and a 200 day moving average of $8.82.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The business had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.36%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, analysts forecast that Coeur Mining will post $0.11 earnings per share for the current fiscal year.
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In other news, COO Frank L. Jr. Hanagarne sold 10,310 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $9.29, for a total value of $95,779.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.19, for a total transaction of $81,900.00. The disclosure for this sale can be found here. Insiders sold a total of 68,610 shares of company stock worth $602,855 in the last three months. Insiders own 1.30% of the company’s stock.
Large investors have recently modified their holdings of the company. UBS Group AG increased its holdings in shares of Coeur Mining by 9.8% in the 1st quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Coeur Mining during the 2nd quarter valued at $123,000. Teacher Retirement System of Texas grew its holdings in shares of Coeur Mining by 8.5% during the 1st quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 1,133 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Coeur Mining during the 2nd quarter valued at $141,000. Finally, Sigma Planning Corp bought a new position in shares of Coeur Mining during the 2nd quarter valued at $143,000. 68.68% 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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