Raymond James Financial, Inc. restated their market perform rating on shares of Coeur Mining, Inc. (NYSE:CDE) in a research note published on Thursday morning. They currently have a $9.50 price target on the basic materials company’s stock.

CDE has been the topic of a number of other research reports. Roth Capital set a $13.00 target price on Coeur Mining and gave the company a buy rating in a report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a buy rating on shares of Coeur Mining in a report on Friday, July 14th. Noble Financial reaffirmed a hold rating on shares of Coeur Mining in a report on Friday, July 28th. BidaskClub raised Coeur Mining from a hold rating to a buy rating in a report on Saturday, June 10th. Finally, ValuEngine downgraded Coeur Mining from a hold rating to a sell rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Coeur Mining presently has an average rating of Hold and a consensus price target of $10.86.

Coeur Mining (NYSE CDE) traded down 2.35% during trading on Thursday, reaching $9.14. The company’s stock had a trading volume of 1,152,185 shares. The company’s 50 day moving average price is $8.28 and its 200-day moving average price is $8.59. The stock has a market cap of $1.66 billion, a P/E ratio of 23.74 and a beta of 0.47. Coeur Mining has a 1-year low of $7.30 and a 1-year high of $14.47.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Equities analysts forecast that Coeur Mining will post $0.13 earnings per share for the current fiscal year.

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In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $8.19, for a total transaction of $81,900.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of Coeur Mining stock in a transaction dated 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. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CDE. BlackRock Inc. lifted its holdings in Coeur Mining by 56,698.4% during the 1st quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock worth $93,231,000 after buying an additional 11,518,276 shares during the period. Van ECK Associates Corp lifted its holdings in Coeur Mining by 46.8% during the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after buying an additional 5,933,383 shares during the period. GMT Capital Corp lifted its holdings in Coeur Mining by 47.7% during the 1st quarter. GMT Capital Corp now owns 11,747,789 shares of the basic materials company’s stock worth $94,922,000 after buying an additional 3,792,700 shares during the period. Investec Asset Management LTD acquired a new position in Coeur Mining during the 2nd quarter worth about $28,801,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Coeur Mining by 65.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after buying an additional 1,840,601 shares during the period. 68.90% of the stock is currently owned by hedge funds and other institutional investors.

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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