Coeur Mining, Inc. (CDE) Earns “Market Perform” Rating from Raymond James Financial, Inc.
Coeur Mining, Inc. (NYSE:CDE)‘s stock had its “market perform” rating restated by analysts at Raymond James Financial, Inc. in a research report issued on Thursday, Marketbeat reports.
Several other brokerages have also weighed in on CDE. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price objective on shares of Coeur Mining in a report on Wednesday, May 24th. Zacks Investment Research raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. BMO Capital Markets reissued a “buy” rating and set a $11.00 price objective on shares of Coeur Mining in a report on Friday, June 30th. BidaskClub lowered Coeur Mining from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $11.75 price objective on shares of Coeur Mining in a report on Thursday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.14.
Coeur Mining (NYSE:CDE) traded up 1.30% during mid-day trading on Thursday, reaching $9.36. The company had a trading volume of 3,230,356 shares. Coeur Mining has a one year low of $7.30 and a one year high of $15.35. The company’s 50-day moving average is $8.25 and its 200-day moving average is $8.59. The stock has a market capitalization of $1.70 billion, a PE ratio of 24.31 and a beta of 0.47.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The business had revenue of $173.40 million during the quarter, compared to analyst estimates of $174.70 million. During the same period in the prior year, the company earned $0.09 earnings per share. Coeur Mining’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Coeur Mining will post $0.13 earnings per share for the current year.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.19, for a total value of $81,900.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $8.50, for a total value of $244,800.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. UBS Group AG raised its position in shares of Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of 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 worth $116,000 after buying an additional 1,133 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Coeur Mining in the second quarter worth $123,000. Russell Investments Group Ltd. purchased a new stake in shares of Coeur Mining in the second quarter worth $141,000. Finally, Sigma Planning Corp purchased a new stake in shares of Coeur Mining in the second quarter worth $143,000. Institutional investors own 68.90% of the company’s stock.
Coeur Mining Company Profile
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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