Coeur Mining, Inc. (NYSE:CDE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, May 11th.
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. “
A number of other research firms have also weighed in on CDE. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $11.75 price objective on shares of Coeur Mining in a research note on Thursday, February 9th. Roth Capital set a $14.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Wednesday, January 18th. TheStreet raised shares of Coeur Mining from a “d” rating to a “c” rating in a research note on Thursday, February 9th. Finally, Deutsche Bank AG lowered their price objective on shares of Coeur Mining from $10.50 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, March 21st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $11.34.
Shares of Coeur Mining (NYSE CDE) opened at 8.36 on Thursday. The stock has a market capitalization of $1.52 billion, a PE ratio of 15.12 and a beta of 0.57. Coeur Mining has a 52-week low of $7.30 and a 52-week high of $16.41. The stock has a 50 day moving average of $9.20 and a 200 day moving average of $9.41.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, April 26th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $206.10 million during the quarter, compared to analyst estimates of $208.95 million. Coeur Mining had a net margin of 13.05% and a return on equity of 14.07%. The business’s revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) earnings per share. Analysts forecast that Coeur Mining will post $0.24 earnings per share for the current year.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $8.89, for a total value of $88,900.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of CDE. BlackRock Advisors LLC increased its position in shares of Coeur Mining by 34.9% in the third quarter. BlackRock Advisors LLC now owns 225,433 shares of the basic materials company’s stock valued at $2,667,000 after buying an additional 58,331 shares during the period. AQR Capital Management LLC increased its position in shares of Coeur Mining by 100.5% in the fourth quarter. AQR Capital Management LLC now owns 654,404 shares of the basic materials company’s stock valued at $5,949,000 after buying an additional 327,980 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Coeur Mining by 6.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 122,192 shares of the basic materials company’s stock valued at $1,111,000 after buying an additional 7,369 shares during the period. Quantbot Technologies LP increased its position in shares of Coeur Mining by 163.7% in the third quarter. Quantbot Technologies LP now owns 102,872 shares of the basic materials company’s stock valued at $1,216,000 after buying an additional 63,865 shares during the period. Finally, Sloane Robinson LLP increased its position in shares of Coeur Mining by 36.9% in the third quarter. Sloane Robinson LLP now owns 133,600 shares of the basic materials company’s stock valued at $1,913,000 after buying an additional 36,000 shares during the period. Institutional investors own 68.47% of the company’s stock.
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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