Shares of Coeur Mining, Inc. (NYSE:CDE) have been given an average rating of “Hold” by the thirteen brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $10.89.
CDE has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 24th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $9.50 price objective on shares of Coeur Mining in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. ValuEngine lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Coeur Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th.
Shares of Coeur Mining (NYSE:CDE) traded up 1.46% during midday trading on Thursday, reaching $7.63. 3,528,595 shares of the company’s stock traded hands. The company has a 50 day moving average of $8.97 and a 200 day moving average of $8.80. Coeur Mining has a 52-week low of $7.30 and a 52-week high of $12.30. The firm has a market cap of $1.38 billion, a PE ratio of 19.82 and a beta of 0.40.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data 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). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The business had revenue of $176.00 million during the quarter, compared to the consensus estimate of $185.09 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts predict that Coeur Mining will post $0.11 EPS for the current fiscal year.
In related news, COO Frank L. Jr. Hanagarne sold 10,310 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $9.29, for a total transaction of $95,779.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Hans John Rasmussen sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $92,500.00. The disclosure for this sale can be found here. Insiders have sold 68,610 shares of company stock worth $602,855 over the last three months. 1.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its holdings in Coeur Mining by 5.9% during the second quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock worth $381,000 after buying an additional 2,482 shares during the last quarter. Van ECK Associates Corp increased its holdings in Coeur Mining by 46.8% during 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 last quarter. Marshall Wace North America L.P. purchased a new stake in Coeur Mining during the second quarter worth about $689,000. Karp Capital Management Corp purchased a new stake in Coeur Mining during the first quarter worth about $339,000. Finally, BlackRock Inc. increased its holdings in Coeur Mining by 56,698.4% during the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock worth $93,231,000 after buying an additional 11,518,276 shares during the last quarter. Institutional investors and hedge funds own 68.68% of the company’s stock.
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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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