Zacks Investment Research upgraded shares of Coeur Mining Inc (NYSE:CDE) from a sell rating to a hold rating in a research report sent to investors on Friday, April 14th.
According to Zacks, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois. “
CDE has been the topic of a number of other reports. Deutsche Bank AG lowered their price target on shares of Coeur Mining from $10.50 to $9.00 and set a hold rating on the stock in a report on Tuesday, March 21st. Roth Capital set a $14.00 price objective on shares of Coeur Mining and gave the company a buy rating in a report on Wednesday, January 18th. TheStreet raised shares of Coeur Mining from a d rating to a c rating in a report on Thursday, February 9th. Finally, Raymond James Financial, Inc. reiterated an outperform rating and issued a $11.75 target price on shares of Coeur Mining in a research report on Thursday, February 9th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Coeur Mining currently has an average rating of Buy and an average price target of $12.19.
Shares of Coeur Mining (NYSE:CDE) traded up 2.47% during midday trading on Friday, hitting $9.53. 2,319,517 shares of the company traded hands. The company has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.54. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.23 and a beta of 0.93. Coeur Mining has a 52 week low of $6.98 and a 52 week high of $16.41.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. Coeur Mining had a net margin of 8.31% and a return on equity of 8.59%. The firm had revenue of $206.10 million for the quarter, compared to the consensus estimate of $208.95 million. During the same period in the prior year, the firm posted ($0.06) earnings per share. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. Analysts anticipate that Coeur Mining will post $0.21 earnings per share for the current fiscal year.
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In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $8.89, for a total value of $88,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.53% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Coeur Mining during the fourth quarter valued at about $124,000. Two Sigma Securities LLC acquired a new position in Coeur Mining during the third quarter valued at approximately $159,000. UBS Group AG boosted its position in Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after buying an additional 1,267 shares during the period. Teacher Retirement System of Texas boosted its position in Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock valued at $116,000 after buying an additional 1,133 shares during the period. Finally, USA Financial Portformulas Corp purchased a new position in shares of Coeur Mining during the third quarter valued at about $229,000. 61.10% of the stock is owned by institutional investors.
Coeur Mining Company Profile
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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