Coeur Mining (CDE) Trading Up 5%
Coeur Mining Inc (NYSE:CDE) shares were up 5% on Wednesday . The stock traded as high as $5.76 and last traded at $5.66. Approximately 2,619,231 shares were traded during trading, a decline of 13% from the average daily volume of 2,993,423 shares. The stock had previously closed at $5.39.
Several research analysts recently weighed in on CDE shares. Raymond James restated an “outperform” rating and set a $10.00 price target on shares of Coeur Mining in a research report on Tuesday, July 10th. ValuEngine downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Canaccord Genuity restated a “buy” rating and set a $10.75 price target on shares of Coeur Mining in a research report on Friday, July 13th. Roth Capital upgraded shares of Coeur Mining from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Tuesday, July 10th. Finally, Noble Financial restated a “buy” rating on shares of Coeur Mining in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $9.71.
The company has a debt-to-equity ratio of 0.49, a current ratio of 2.23 and a quick ratio of 1.25.
In other Coeur Mining news, insider Mitchell J. Krebs acquired 10,000 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was bought at an average price of $6.61 per share, for a total transaction of $66,100.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Peter C. Mitchell sold 20,000 shares of the stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $7.03, for a total transaction of $140,600.00. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp acquired a new stake in Coeur Mining in the 1st quarter valued at about $102,000. Dynamic Technology Lab Private Ltd acquired a new stake in Coeur Mining in the 1st quarter valued at about $117,000. Hilltop Holdings Inc. acquired a new stake in Coeur Mining in the 1st quarter valued at about $122,000. Clinton Group Inc. acquired a new stake in Coeur Mining in the 1st quarter valued at about $228,000. Finally, Stevens Capital Management LP raised its holdings in Coeur Mining by 60.9% in the 2nd quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 11,430 shares during the last quarter. Institutional investors own 67.47% of the company’s stock.
About Coeur Mining (NYSE:CDE)
Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.
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