Coeur Mining (NYSE:CDE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, January 11th.
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. “
A number of other equities analysts have also issued reports on CDE. BMO Capital Markets reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Wednesday, September 13th. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Raymond James Financial upped their price objective on Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a research note on Friday, September 15th. Royal Bank of Canada restated a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 27th. Finally, Roth Capital set a $13.00 price target on Coeur Mining and gave the stock a “buy” rating in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $10.29.
Coeur Mining (NYSE CDE) remained flat at $$8.33 during midday trading on Thursday. 1,720,500 shares of the stock traded hands, compared to its average volume of 2,925,254. The firm has a market capitalization of $1,570.00, a price-to-earnings ratio of -83.30 and a beta of 0.38. Coeur Mining has a 12-month low of $6.71 and a 12-month high of $12.30. 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 (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.17). The company had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. research analysts forecast that Coeur Mining will post -0.05 earnings per share for the current year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $7.67, for a total value of $76,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark Spurbeck sold 15,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $7.42, for a total value of $111,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,684 shares of company stock valued at $236,314. 1.30% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Coeur Mining by 6.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 879,873 shares of the basic materials company’s stock valued at $6,600,000 after acquiring an additional 56,009 shares during the last quarter. U S Global Investors Inc. increased its holdings in Coeur Mining by 84.8% in the third quarter. U S Global Investors Inc. now owns 200,000 shares of the basic materials company’s stock valued at $1,838,000 after purchasing an additional 91,776 shares during the period. Royce & Associates LP acquired a new stake in Coeur Mining in the third quarter valued at $6,203,000. Engineers Gate Manager LP acquired a new stake in Coeur Mining in the third quarter valued at $759,000. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Coeur Mining by 40.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 264,512 shares of the basic materials company’s stock valued at $2,431,000 after purchasing an additional 76,542 shares during the period. 69.40% of the stock is currently owned by institutional investors and hedge funds.
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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.
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