Coeur Mining (CDE) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Media headlines about Coeur Mining (NYSE:CDE) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Coeur Mining earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 44.7416670346805 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Comparing Endeavour Silver Corporation (EXK) and Coeur Mining (CDE) (americanbankingnews.com)
- Coeur Mining, Inc. (CDE) SVP Hans John Rasmussen Sells 10,000 Shares (americanbankingnews.com)
- Raymond James Financial, Inc. Boosts Coeur Mining, Inc. (CDE) Price Target to $10.25 (americanbankingnews.com)
- Mine Acquisition Grows Production ‘At a Fair Price’ (streetwisereports.com)
- Coeur Mining Acquires Silvertip Mine in British Columbia (juniorminingnetwork.com)
A number of analysts recently weighed in on the stock. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research report on Wednesday. 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 issued a $13.00 price objective on shares of Coeur Mining in a research report on Thursday, August 24th. Raymond James Financial, Inc. increased their price objective on shares of Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a research report on Friday. Finally, Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.23.
Shares of Coeur Mining (NYSE:CDE) traded up 0.98% during trading on Friday, hitting $9.28. 3,512,057 shares of the stock were exchanged. Coeur Mining has a one year low of $7.30 and a one year high of $13.65. The stock’s 50 day moving average price is $8.39 and its 200-day moving average price is $8.61. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 24.10 and a beta of 0.47.
Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The company had revenue of $173.40 million for the quarter, compared to analyst estimates of $174.70 million. During the same period in the previous year, the business posted $0.09 EPS. Coeur Mining’s revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Coeur Mining will post $0.12 EPS for the current year.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the company’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 value of $81,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the company’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. Over the last 90 days, insiders sold 48,800 shares of company stock worth $419,200. Company insiders own 1.30% 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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