Coeur Mining (NYSE:CDE) has received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $9.70.
A number of research firms recently commented on CDE. BMO Capital Markets set a $9.50 price objective on Coeur Mining and gave the company a “buy” rating in a research report on Friday, February 9th. Canaccord Genuity upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, April 4th. ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Roth Capital reiterated a “neutral” rating and set a $9.00 price objective (down previously from $11.00) on shares of Coeur Mining in a research report on Friday, April 27th. Finally, Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 26th.
Shares of Coeur Mining traded up $0.01, reaching $8.06, during midday trading on Monday, Marketbeat reports. 15,404 shares of the company’s stock traded hands, compared to its average volume of 3,208,347. The company has a market cap of $1.49 billion, a P/E ratio of 402.50 and a beta of 0.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.05 and a quick ratio of 1.25. Coeur Mining has a one year low of $7.99 and a one year high of $8.07.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, April 25th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $163.30 million for the quarter, compared to the consensus estimate of $167.12 million. Coeur Mining had a negative return on equity of 0.77% and a negative net margin of 2.58%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. sell-side analysts anticipate that Coeur Mining will post -0.04 earnings per share for the current year.
In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 5,267 shares of the company’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $8.50, for a total value of $44,769.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Hans John Rasmussen sold 10,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $8.15, for a total value of $81,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,541 shares of company stock valued at $344,198. 1.32% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Foundry Partners LLC increased its position in Coeur Mining by 6.6% in the first quarter. Foundry Partners LLC now owns 786,658 shares of the basic materials company’s stock worth $6,293,000 after buying an additional 48,683 shares in the last quarter. Millennium Management LLC purchased a new stake in Coeur Mining in the first quarter worth about $865,000. Hilltop Holdings Inc. purchased a new stake in Coeur Mining in the first quarter worth about $122,000. Cubist Systematic Strategies LLC increased its position in Coeur Mining by 281.0% in the first quarter. Cubist Systematic Strategies LLC now owns 73,804 shares of the basic materials company’s stock worth $590,000 after buying an additional 54,431 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in Coeur Mining by 48.2% in the first quarter. Guggenheim Capital LLC now owns 525,439 shares of the basic materials company’s stock worth $4,203,000 after buying an additional 170,979 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.
Coeur Mining Company Profile
Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.
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