Coeur Mining (NYSE:CDE) Lifted to Hold at ValuEngine

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Coeur Mining (NYSE:CDE) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday, ValuEngine reports.

A number of other brokerages have also recently issued reports on CDE. Zacks Investment Research cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Roth Capital cut Coeur Mining from a “neutral” rating to a “sell” rating and set a $5.25 target price for the company. in a report on Monday, January 6th. Raymond James decreased their target price on Coeur Mining from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Friday. B. Riley reiterated a “neutral” rating and set a $6.30 target price (down previously from $7.10) on shares of Coeur Mining in a report on Monday, January 6th. Finally, Canaccord Genuity cut Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.04.

Shares of NYSE CDE traded down $0.78 on Friday, reaching $5.52. 13,888,575 shares of the company traded hands, compared to its average volume of 6,163,531. The company has a current ratio of 1.15, a quick ratio of 0.54 and a debt-to-equity ratio of 0.30. Coeur Mining has a fifty-two week low of $2.78 and a fifty-two week high of $8.29. The stock has a market capitalization of $1.50 billion, a PE ratio of -3.78 and a beta of 1.12. The company has a 50 day moving average of $6.29 and a 200 day moving average of $5.93.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.03). Coeur Mining had a negative return on equity of 6.27% and a negative net margin of 47.96%. The firm had revenue of $195.04 million for the quarter, compared to analysts’ expectations of $197.24 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, research analysts expect that Coeur Mining will post 0.25 earnings per share for the current year.

In other Coeur Mining news, SVP Casey M. Nault sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $7.00, for a total value of $140,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kenneth J. Watkinson sold 10,378 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $6.38, for a total value of $66,211.64. The disclosure for this sale can be found here. 1.88% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Coeur Mining by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 3,086,004 shares of the basic materials company’s stock worth $24,934,000 after acquiring an additional 305,962 shares during the period. Profund Advisors LLC boosted its holdings in Coeur Mining by 30.7% in the 4th quarter. Profund Advisors LLC now owns 48,876 shares of the basic materials company’s stock worth $395,000 after acquiring an additional 11,481 shares during the period. Fosun International Ltd boosted its holdings in Coeur Mining by 68.8% in the 4th quarter. Fosun International Ltd now owns 135,000 shares of the basic materials company’s stock worth $1,076,000 after acquiring an additional 55,000 shares during the period. Alliancebernstein L.P. boosted its holdings in Coeur Mining by 23.7% in the 4th quarter. Alliancebernstein L.P. now owns 277,806 shares of the basic materials company’s stock worth $2,245,000 after acquiring an additional 53,200 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Coeur Mining by 95.1% in the 4th quarter. AQR Capital Management LLC now owns 29,458 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 14,357 shares during the period. Hedge funds and other institutional investors own 63.33% of the company’s stock.

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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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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