Coeur Mining, Inc. (CDE) Rating Reiterated by Noble Financial
Coeur Mining, Inc. (NYSE:CDE)‘s stock had its “hold” rating reissued by investment analysts at Noble Financial in a research report issued to clients and investors on Wednesday.
A number of other analysts also recently weighed in on CDE. Raymond James Financial, Inc. reissued a “market perform” rating and set a $9.50 target price on shares of Coeur Mining in a research report on Thursday, September 7th. BMO Capital Markets reissued a “buy” rating on shares of Coeur Mining in a research report on Wednesday. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 target price on shares of Coeur Mining in a research report on Thursday, August 24th. BidaskClub raised shares of Coeur Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Zacks Investment Research downgraded 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 given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.86.
Coeur Mining (NYSE:CDE) opened at 9.20 on Wednesday. The company’s 50-day moving average is $8.35 and its 200 day moving average is $8.61. Coeur Mining has a 1-year low of $7.30 and a 1-year high of $14.47. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 23.90 and a beta of 0.47.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The company had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining will post $0.12 EPS for the current fiscal year.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $8.19, for a total transaction of $81,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was 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. Company insiders own 1.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. UBS Group AG grew its position in shares of Coeur Mining by 9.8% during the 1st quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares during the period. Teacher Retirement System of Texas grew its position 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 buying an additional 1,133 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $123,000. Russell Investments Group Ltd. acquired a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $141,000. Finally, Sigma Planning Corp acquired a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $143,000. 68.90% of the stock is owned by 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.
Receive News & Ratings for Coeur Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc. and related companies with MarketBeat.com's FREE daily email newsletter.