Coeur Mining, Inc. (CDE) Raised to “Outperform” at Raymond James Financial, Inc.
Coeur Mining, Inc. (NYSE:CDE) was upgraded by investment analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a report issued on Tuesday.
A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Friday. They issued an “outperform” rating and a $10.50 target price on the stock. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research note on Tuesday, October 31st. Royal Bank Of Canada set a $11.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Friday, October 27th. Roth Capital decreased their price target on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.84.
Shares of Coeur Mining (CDE) traded up $0.05 on Tuesday, reaching $7.42. 2,137,300 shares of the company were exchanged, compared to its average volume of 3,184,075. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. Coeur Mining has a 1-year low of $6.98 and a 1-year high of $12.30.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). The company had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. analysts anticipate that Coeur Mining will post -0.05 EPS for the current fiscal year.
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In related news, VP Mark Spurbeck sold 15,000 shares of Coeur Mining stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $7.42, for a total value of $111,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of Coeur Mining stock in a transaction 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 ninety days, insiders sold 83,610 shares of company stock worth $708,955. 1.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of Coeur Mining by 46.8% in the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after buying an additional 5,933,383 shares during the period. GMT Capital Corp boosted its holdings in Coeur Mining by 5.1% in the second quarter. GMT Capital Corp now owns 12,348,689 shares of the basic materials company’s stock valued at $96,690,000 after acquiring an additional 600,900 shares in the last quarter. BlackRock Inc. boosted its holdings in Coeur Mining by 1.3% in the second quarter. BlackRock Inc. now owns 11,688,139 shares of the basic materials company’s stock valued at $100,285,000 after acquiring an additional 149,548 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Coeur Mining by 29.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after acquiring an additional 1,374,250 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in Coeur Mining by 0.5% in the third quarter. Investec Asset Management LTD now owns 3,375,037 shares of the basic materials company’s stock valued at $31,017,000 after acquiring an additional 18,285 shares in the last quarter. 69.18% of the stock is currently 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.
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