Coeur Mining (CDE) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Coeur Mining (NYSE: CDE) in the last few weeks:

  • 1/15/2020 – Coeur Mining was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 1/14/2020 – Coeur Mining was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $7.25 price target on the stock. 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. “
  • 1/7/2020 – Coeur Mining was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 1/6/2020 – Coeur Mining was downgraded by analysts at Roth Capital from a “neutral” rating to a “sell” rating. They now have a $5.25 price target on the stock.
  • 1/6/2020 – Coeur Mining had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $6.30 price target on the stock, down previously from $7.10.
  • 12/31/2019 – Coeur Mining was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.
  • 12/18/2019 – Coeur Mining was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 12/15/2019 – Coeur Mining had its “buy” rating reaffirmed by analysts at Noble Financial. They now have a $7.50 price target on the stock.

Shares of CDE stock traded up $0.07 during mid-day trading on Thursday, hitting $7.03. The company’s stock had a trading volume of 1,800,745 shares, compared to its average volume of 6,108,862. Coeur Mining Inc has a 52 week low of $2.78 and a 52 week high of $8.29. The company has a market cap of $1.66 billion, a PE ratio of -703.00 and a beta of 0.94. The company’s fifty day simple moving average is $7.15 and its 200-day simple moving average is $5.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.54 and a current ratio of 1.15.

Coeur Mining (NYSE:CDE) last issued its earnings results on Monday, November 4th. The basic materials company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Coeur Mining had a negative return on equity of 4.07% and a negative net margin of 10.57%. The business had revenue of $199.47 million during the quarter, compared to analyst estimates of $199.41 million. During the same period in the previous year, the company posted ($0.11) EPS. The firm’s revenue was up 34.1% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining Inc will post -0.19 earnings per share for the current year.

In related news, SVP Casey M. Nault sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.88% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in Coeur Mining by 15.3% in the 2nd quarter. BlackRock Inc. now owns 16,253,121 shares of the basic materials company’s stock valued at $70,537,000 after buying an additional 2,153,374 shares in the last quarter. Millennium Management LLC boosted its stake in Coeur Mining by 260.4% during the 3rd quarter. Millennium Management LLC now owns 1,987,370 shares of the basic materials company’s stock valued at $9,559,000 after purchasing an additional 1,435,869 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in Coeur Mining by 21.6% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 69,211 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 12,294 shares during the last quarter. Voya Investment Management LLC boosted its stake in Coeur Mining by 2.2% during the 3rd quarter. Voya Investment Management LLC now owns 82,897 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 1,769 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in Coeur Mining by 64.0% during the 3rd quarter. Virtu Financial LLC now owns 100,087 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 39,064 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

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.

Read More: What is a stock portfolio tracker?

Receive News & Ratings for Coeur Mining Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc 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