Noble Financial Reaffirms “Hold” Rating for Coeur Mining (CDE)

Noble Financial reiterated their hold rating on shares of Coeur Mining (NYSE:CDE) in a research report report published on Thursday morning.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research note on Friday, November 17th. They issued an outperform rating and a $10.50 price target on the stock. Royal Bank of Canada set a $11.00 price target on shares of Coeur Mining and gave the stock a buy rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Coeur Mining from a hold rating to a strong sell rating in a research note on Wednesday, October 25th. Raymond James Financial raised their price target on shares of Coeur Mining from $9.50 to $12.50 and gave the stock a market perform rating in a research note on Friday, September 15th. Finally, Roth Capital set a $13.00 price target on shares of Coeur Mining and gave the stock a buy rating in a research note on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Coeur Mining currently has an average rating of Hold and an average target price of $10.29.

Shares of Coeur Mining (NYSE CDE) opened at $8.55 on Thursday. Coeur Mining has a 12 month low of $6.71 and a 12 month high of $12.30. The firm has a market cap of $1,590.00, a price-to-earnings ratio of -85.50 and a beta of 0.38. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36.

Coeur Mining (NYSE:CDE) last announced its earnings results 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 net margin of 2.41% and a negative return on equity of 1.37%. The firm had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. sell-side analysts expect that Coeur Mining will post -0.05 EPS for the current year.

In related news, VP Mark Spurbeck sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $7.42, for a total value of $111,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $7.67, for a total transaction of $76,700.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of CDE. Stevens Capital Management LP bought a new position in Coeur Mining during the 2nd quarter worth about $123,000. Russell Investments Group Ltd. bought a new position in Coeur Mining during the 2nd quarter worth about $141,000. QCM Cayman Ltd. bought a new position in Coeur Mining during the 2nd quarter worth about $160,000. Parametrica Management Ltd bought a new position in Coeur Mining during the 3rd quarter worth about $160,000. Finally, Prudential Financial Inc. grew its holdings in Coeur Mining by 7.6% during the 2nd quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 1,370 shares in the last quarter. Institutional investors own 69.73% of the company’s stock.

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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.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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