ValuEngine cut shares of Coeur Mining, Inc. (NYSE:CDE) from a hold rating to a sell rating in a report published on Friday, September 1st.
A number of other analysts also recently weighed in on CDE. Roth Capital set a $13.00 price objective on Coeur Mining and gave the company a buy rating in a report on Wednesday, June 14th. Royal Bank Of Canada restated a buy rating on shares of Coeur Mining in a report on Friday, July 14th. Noble Financial reaffirmed a hold rating on shares of Coeur Mining in a research report on Friday, July 28th. BidaskClub raised shares of Coeur Mining from a hold rating to a buy rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research cut shares of Coeur Mining from a hold rating to a sell rating in a research report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Coeur Mining presently has an average rating of Hold and an average price target of $11.23.
Coeur Mining (NYSE CDE) traded up 0.98% during trading on Friday, hitting $9.28. The stock had a trading volume of 3,512,057 shares. Coeur Mining has a 12-month low of $7.30 and a 12-month high of $13.65. The company has a market cap of $1.68 billion, a P/E ratio of 24.10 and a beta of 0.47. The company has a 50 day moving average of $8.39 and a 200-day moving average of $8.61.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, equities analysts predict that Coeur Mining will post $0.12 EPS for the current year.
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In other Coeur Mining news, SVP Hans John Rasmussen sold 10,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $9.25, for a total value of $92,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,800 shares of company stock valued at $419,200. 1.30% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. UBS Group AG boosted its holdings in Coeur Mining by 9.8% in the 1st quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 1,267 shares during the period. Stevens Capital Management LP bought a new position in Coeur Mining in the 2nd quarter valued at $123,000. Teacher Retirement System of Texas lifted its holdings in shares of Coeur Mining by 8.5% during the 1st quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 1,133 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Coeur Mining during the 2nd quarter worth $141,000. Finally, Sigma Planning Corp bought a new stake in shares of Coeur Mining during the 2nd quarter worth $143,000. 68.90% of the stock is owned by hedge funds and other institutional investors.
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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