Coeur Mining (NYSE:CDE) Trading 1.2% Higher

Shares of Coeur Mining Inc (NYSE:CDE) traded up 1.2% during trading on Wednesday . The stock traded as high as $7.26 and last traded at $7.31, 245,049 shares traded hands during mid-day trading. A decline of 95% from the average session volume of 5,209,937 shares. The stock had previously closed at $7.22.

Several equities analysts have commented on CDE shares. Zacks Investment Research downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Noble Financial set a $6.00 price objective on Coeur Mining and gave the company a “buy” rating in a research note on Friday, August 9th. Canaccord Genuity lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $5.50 target price for the company. in a report on Thursday, August 8th. ValuEngine lowered Coeur Mining from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Finally, Raymond James set a $6.25 target price on Coeur Mining and gave the stock a “market perform” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $5.90.

The company’s fifty day moving average is $5.93 and its two-hundred day moving average is $4.85. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -724.00 and a beta of 0.84. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.30.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Coeur Mining had a negative net margin of 10.57% and a negative return on equity of 4.07%. The company had revenue of $199.47 million during the quarter, compared to the consensus estimate of $199.41 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. Sell-side analysts predict that Coeur Mining Inc will post -0.22 EPS for the current fiscal year.

In other news, SVP Casey M. Nault sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $7.00, for a total value of $140,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.88% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in shares of Coeur Mining in the 2nd quarter valued at about $28,000. CWM LLC purchased a new stake in Coeur Mining during the third quarter worth approximately $68,000. HighTower Advisors LLC acquired a new position in Coeur Mining in the second quarter valued at approximately $88,000. Stifel Financial Corp acquired a new position in Coeur Mining in the third quarter valued at approximately $90,000. Finally, Assenagon Asset Management S.A. purchased a new position in Coeur Mining in the third quarter valued at approximately $95,000. 64.03% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile (NYSE:CDE)

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

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