Noble Financial Reaffirms Hold Rating for Coeur Mining (CDE)

Coeur Mining (NYSE:CDE)‘s stock had its “hold” rating restated by investment analysts at Noble Financial in a report issued on Thursday.

CDE has been the topic of a number of other reports. Royal Bank of Canada restated a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 27th. Raymond James Financial raised their price objective on shares of Coeur Mining from $9.50 to $12.50 and gave the company a “market perform” rating in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BMO Capital Markets set a $12.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.29.

Coeur Mining (CDE) traded up $0.19 during trading on Thursday, reaching $8.55. 3,476,353 shares of the company’s stock were exchanged, compared to its average volume of 3,230,717. The firm has a market cap of $1,590.00, a price-to-earnings ratio of -85.50 and a beta of 0.38. Coeur Mining has a 12 month low of $6.71 and a 12 month high of $12.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. Coeur Mining’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. analysts predict that Coeur Mining will post -0.05 EPS for the current year.

In related news, VP Mark Spurbeck sold 15,000 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $7.42, for a total value of $111,300.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $7.67, for a total transaction of $76,700.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. U S Global Investors Inc. grew its position in shares of Coeur Mining by 84.8% in the 3rd quarter. U S Global Investors Inc. now owns 200,000 shares of the basic materials company’s stock valued at $1,838,000 after buying an additional 91,776 shares during the last quarter. Royce & Associates LP purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $6,203,000. Engineers Gate Manager LP purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $759,000. Commerzbank Aktiengesellschaft FI grew its position in shares of Coeur Mining by 40.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 264,512 shares of the basic materials company’s stock valued at $2,431,000 after buying an additional 76,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 29.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after buying an additional 1,374,250 shares during the last quarter. 69.73% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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