Coeur Mining (NYSE:CDE)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a research note issued to investors on Friday, February 22nd. They currently have a $6.50 target price on the basic materials company’s stock. Raymond James’ price objective points to a potential upside of 38.89% from the company’s current price.
CDE has been the topic of several other research reports. Noble Financial set a $7.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a report on Wednesday, January 16th. BMO Capital Markets lowered shares of Coeur Mining from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $6.50 to $6.00 in a report on Friday, February 22nd. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Thursday, November 1st. Finally, TheStreet lowered shares of Coeur Mining from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $7.58.
NYSE CDE traded up $0.03 on Friday, hitting $4.68. The stock had a trading volume of 3,007,524 shares, compared to its average volume of 3,104,653. The stock has a market capitalization of $943.34 million, a PE ratio of -468.00 and a beta of 0.44. Coeur Mining has a 52-week low of $3.80 and a 52-week high of $8.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.85 and a quick ratio of 0.97.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.20. Coeur Mining had a negative net margin of 7.74% and a negative return on equity of 0.22%. The firm had revenue of $143.80 million for the quarter, compared to analyst estimates of $152.25 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was down 33.0% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining will post 0.18 EPS for the current year.
In other news, SVP Hans John Rasmussen sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $4.78, for a total value of $35,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.32% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Baldwin Brothers Inc. MA bought a new stake in shares of Coeur Mining in the fourth quarter worth approximately $27,000. Gotham Asset Management LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth approximately $52,000. Quantamental Technologies LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth approximately $54,000. CoreCommodity Management LLC grew its stake in shares of Coeur Mining by 126.5% in the fourth quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 7,783 shares during the period. Finally, Perritt Capital Management Inc. bought a new stake in shares of Coeur Mining in the fourth quarter worth approximately $67,000. 67.06% of the stock is owned by institutional investors.
Coeur Mining Company Profile
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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