Coeur Mining, Inc. (CDE) Stock Rating Upgraded by BidaskClub
Coeur Mining, Inc. (NYSE:CDE) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
Other equities analysts have also issued reports about the stock. Royal Bank Of Canada restated a “buy” rating and issued a $13.00 price objective on shares of Coeur Mining in a report on Thursday. BMO Capital Markets restated a “buy” rating and issued a $11.00 price objective on shares of Coeur Mining in a report on Friday, June 30th. Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.29.
Shares of Coeur Mining (NYSE CDE) opened at 8.17 on Thursday. Coeur Mining has a 52-week low of $7.30 and a 52-week high of $15.35. The stock has a 50 day moving average price of $8.11 and a 200-day moving average price of $8.65. The firm has a market capitalization of $1.48 billion, a PE ratio of 21.22 and a beta of 0.57.
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, hitting analysts’ consensus estimates of ($0.01). Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The company had revenue of $173.40 million during the quarter, compared to analyst estimates of $174.70 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts forecast that Coeur Mining will post $0.13 EPS for the current year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $8.19, for a total value of $81,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Large investors have recently bought and sold shares of the company. Sprott Inc. increased its stake in Coeur Mining by 262.3% in the first quarter. Sprott Inc. now owns 1,487,192 shares of the basic materials company’s stock worth $12,017,000 after buying an additional 1,076,751 shares during the period. Karp Capital Management Corp bought a new stake in Coeur Mining during the first quarter worth approximately $339,000. UBS Asset Management Americas Inc. increased its stake in Coeur Mining by 68.3% in the first quarter. UBS Asset Management Americas Inc. now owns 116,890 shares of the basic materials company’s stock worth $944,000 after buying an additional 47,441 shares during the period. Swiss National Bank increased its stake in Coeur Mining by 16.1% in the first quarter. Swiss National Bank now owns 309,800 shares of the basic materials company’s stock worth $2,503,000 after buying an additional 42,900 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Coeur Mining by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 850,024 shares of the basic materials company’s stock worth $6,868,000 after buying an additional 52,875 shares during the period. 68.28% of the stock is owned by institutional investors and hedge funds.
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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