Brokerages Set Coeur Mining Inc (CDE) PT at $10.21
Coeur Mining Inc (NYSE:CDE) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.21.
CDE has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Friday, November 17th. 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 report on Thursday, January 11th. Raymond James Financial raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and raised their target price for the company from $10.25 to $10.50 in a report on Tuesday, November 21st. Royal Bank of Canada set a $10.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a report on Tuesday, December 5th. Finally, Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.
In related news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7.97, for a total transaction of $79,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Frank L. Jr. Hanagarne sold 5,684 shares of Coeur Mining stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Coeur Mining (NYSE CDE) traded up $0.24 during mid-day trading on Wednesday, reaching $7.85. 3,364,517 shares of the company’s stock traded hands, compared to its average volume of 3,606,714. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. Coeur Mining has a 52-week low of $6.71 and a 52-week high of $10.24. The company has a market cap of $1,411.22, a price-to-earnings ratio of -785.00 and a beta of 0.58.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $228.64 million. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 54.2% compared to the same quarter last year. equities research analysts forecast that Coeur Mining will post 0.19 EPS for the current fiscal year.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.