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.

Recommended Story: The limitations of an equal weight rating

Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit