TheStreet upgraded shares of Coeur Mining (NYSE:CDE) from a d rating to a c- rating in a research note released on Wednesday morning, TheStreetRatingsTable reports.
Other analysts have also recently issued research reports about the company. Cantor Fitzgerald assumed coverage on Coeur Mining in a research report on Monday, May 18th. They set a buy rating and a $6.00 price objective for the company. Zacks Investment Research raised Coeur Mining from a hold rating to a buy rating and set a $6.50 price target for the company in a research report on Wednesday, July 15th. Canaccord Genuity raised Coeur Mining from a hold rating to a buy rating and set a $8.00 price target for the company in a research report on Tuesday, July 21st. B. Riley boosted their price target on Coeur Mining from $11.50 to $13.00 and gave the stock a buy rating in a research report on Tuesday, May 19th. Finally, BMO Capital Markets reduced their price target on Coeur Mining from $6.00 to $5.00 and set a market perform rating for the company in a research report on Thursday, April 23rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $7.47.
CDE opened at $7.93 on Wednesday. Coeur Mining has a 12 month low of $1.98 and a 12 month high of $8.61. The stock has a market cap of $1.93 billion, a P/E ratio of -6.34 and a beta of 1.75. The stock’s 50 day moving average price is $5.68 and its 200 day moving average price is $5.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.53 and a quick ratio of 0.63.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The business had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $151.99 million. Coeur Mining had a negative return on equity of 0.94% and a negative net margin of 41.33%. Coeur Mining’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) earnings per share. Equities analysts anticipate that Coeur Mining will post 0.2 EPS for the current year.
In related news, SVP Casey M. Nault sold 30,000 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $8.01, for a total transaction of $240,300.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Mackay Shields LLC bought a new position in Coeur Mining during the first quarter valued at about $50,000. Principal Financial Group Inc. increased its stake in Coeur Mining by 47.5% during the first quarter. Principal Financial Group Inc. now owns 19,170 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 6,170 shares during the period. Falcon Point Capital LLC bought a new position in Coeur Mining during the second quarter valued at about $88,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Coeur Mining by 32.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,062 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 5,595 shares during the period. Finally, Pearl River Capital LLC bought a new position in Coeur Mining during the fourth quarter valued at about $130,000. Hedge funds and other institutional investors own 66.08% of the company’s stock.
About Coeur Mining
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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