Coeur Mining, Inc. (NYSE:CDE) was downgraded by stock analysts at UBS AG from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, The Fly reports.

Other research analysts have also recently issued research reports about the company. Roth Capital set a $13.00 price objective on Coeur Mining and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada reissued a “buy” rating on shares of Coeur Mining in a research report on Friday, July 14th. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research report on Friday, July 28th. BidaskClub raised Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Coeur Mining presently has a consensus rating of “Hold” and a consensus target price of $11.29.

Coeur Mining (NYSE CDE) traded up 0.97% on Thursday, reaching $9.33. The company had a trading volume of 1,706,465 shares. The firm has a market capitalization of $1.69 billion, a P/E ratio of 24.23 and a beta of 0.47. The company’s 50-day moving average price is $8.25 and its 200 day moving average price is $8.59. Coeur Mining has a 1-year low of $7.30 and a 1-year high of $15.35.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. Coeur Mining’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, equities analysts forecast that Coeur Mining will post $0.13 EPS for the current year.

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In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the business’s 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 document filed with the SEC, which can be accessed through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the business’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 disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CDE. Profund Advisors LLC raised its stake in shares of Coeur Mining by 2.3% in the first quarter. Profund Advisors LLC now owns 36,986 shares of the basic materials company’s stock valued at $299,000 after buying an additional 817 shares during the period. Wells Fargo & Company MN raised its stake in shares of Coeur Mining by 20.9% during the 1st quarter. Wells Fargo & Company MN now owns 599,372 shares of the basic materials company’s stock valued at $4,843,000 after purchasing an additional 103,765 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Coeur Mining by 678.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 144,000 shares of the basic materials company’s stock valued at $1,164,000 after purchasing an additional 125,500 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Coeur Mining by 90.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,041 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 11,400 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Coeur Mining by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 850,024 shares of the basic materials company’s stock valued at $6,868,000 after purchasing an additional 52,875 shares during the period. Hedge funds and other institutional investors own 68.90% of the company’s stock.

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.

The Fly

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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