ValuEngine Lowers Coeur Mining, Inc. (CDE) to Sell
Coeur Mining, Inc. (NYSE:CDE) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.
A number of other equities research analysts also recently issued reports on CDE. Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 target price on shares of Coeur Mining in a report on Wednesday, May 24th. BidaskClub upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Roth Capital set a $13.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a report on Wednesday, June 14th. Finally, BMO Capital Markets restated a “buy” rating and issued a $11.00 target price on shares of Coeur Mining in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $11.29.
Coeur Mining (NYSE:CDE) traded up 1.26% during mid-day trading on Friday, hitting $8.86. 1,687,173 shares of the stock traded hands. The firm’s 50-day moving average is $8.21 and its 200-day moving average is $8.59. Coeur Mining has a 12-month low of $7.30 and a 12-month high of $15.35. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.01 and a beta of 0.46.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The firm had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. During the same period in the previous year, the firm earned $0.09 earnings per share. Coeur Mining’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that Coeur Mining will post $0.13 EPS for the current year.
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In related news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.50, for a total value of $244,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.19, for a total transaction of $81,900.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its holdings in Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 1,267 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Coeur Mining in the second quarter valued at $123,000. Teacher Retirement System of Texas raised its holdings in Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 1,133 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Coeur Mining in the second quarter valued at $141,000. Finally, Sigma Planning Corp acquired a new stake in Coeur Mining in the second quarter valued at $143,000. 68.90% of the stock is currently owned by hedge funds and other institutional investors.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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