Noble Financial reissued their hold rating on shares of Coeur Mining (NYSE:CDE) in a research report sent to investors on Thursday, January 11th.
A number of other research analysts also recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Friday, November 17th. They set 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 company a buy rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Coeur Mining from a hold rating to a strong sell rating in a report on Wednesday, October 25th. Raymond James Financial lifted their target price on shares of Coeur Mining from $9.50 to $12.50 and gave the stock a market perform rating in a report on Friday, September 15th. Finally, Roth Capital set a $13.00 target price on shares of Coeur Mining and gave the stock a buy rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Coeur Mining has a consensus rating of Hold and a consensus price target of $10.29.
Shares of Coeur Mining (NYSE CDE) traded up $0.18 during trading hours on Thursday, hitting $8.03. 3,918,507 shares of the company’s stock were exchanged, compared to its average volume of 2,900,000. The firm has a market cap of $1,490.00, a price-to-earnings ratio of -80.30 and a beta of 0.55. Coeur Mining has a 52 week low of $6.71 and a 52 week high of $12.09. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36.
In other news, COO Frank L. Jr. Hanagarne sold 5,684 shares of Coeur Mining stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in CDE. Stevens Capital Management LP acquired a new position in Coeur Mining in the second quarter valued at about $123,000. Russell Investments Group Ltd. acquired a new position in Coeur Mining in the second quarter valued at about $141,000. QCM Cayman Ltd. acquired a new position in Coeur Mining in the second quarter valued at about $160,000. Parametrica Management Ltd acquired a new position in Coeur Mining in the third quarter valued at about $160,000. Finally, Prudential Financial Inc. boosted its position in Coeur Mining by 7.6% in the second quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock valued at $167,000 after buying an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 69.31% 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.
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