ValuEngine upgraded shares of Coeur Mining (NYSE:CDE) from a strong sell rating to a sell rating in a research report released on Tuesday morning, ValuEngine reports.

A number of other brokerages have also recently weighed in on CDE. TheStreet upgraded Coeur Mining from a d+ rating to a c- rating in a report on Tuesday, December 31st. Raymond James set a $6.25 target price on Coeur Mining and gave the company a market perform rating in a report on Wednesday, November 6th. Zacks Investment Research upgraded Coeur Mining from a sell rating to a buy rating and set a $7.25 target price on the stock in a report on Tuesday, January 14th. B. Riley reiterated a neutral rating and issued a $6.30 target price (down previously from $7.10) on shares of Coeur Mining in a report on Monday, January 6th. Finally, Noble Financial reiterated a buy rating and issued a $7.50 target price on shares of Coeur Mining in a report on Sunday, December 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $6.13.

Shares of CDE stock traded up $0.11 during mid-day trading on Tuesday, hitting $6.08. 1,026,982 shares of the company’s stock were exchanged, compared to its average volume of 6,709,891. Coeur Mining has a fifty-two week low of $2.78 and a fifty-two week high of $8.29. The stock has a 50-day simple moving average of $7.04 and a two-hundred day simple moving average of $5.73. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -18.42 and a beta of 0.94.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Coeur Mining had a negative return on equity of 4.07% and a negative net margin of 10.57%. The business had revenue of $199.47 million for the quarter, compared to analysts’ expectations of $199.41 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The business’s revenue was up 34.1% on a year-over-year basis. As a group, analysts anticipate that Coeur Mining will post -0.22 earnings per share for the current fiscal year.

In related news, SVP Casey M. Nault sold 20,000 shares of Coeur Mining stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $7.00, for a total value of $140,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.88% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CDE. BlackRock Inc. lifted its stake in shares of Coeur Mining by 15.3% during the second quarter. BlackRock Inc. now owns 16,253,121 shares of the basic materials company’s stock worth $70,537,000 after purchasing an additional 2,153,374 shares in the last quarter. Millennium Management LLC increased its position in shares of Coeur Mining by 260.4% during the third quarter. Millennium Management LLC now owns 1,987,370 shares of the basic materials company’s stock worth $9,559,000 after acquiring an additional 1,435,869 shares during the last quarter. Morgan Stanley increased its position in shares of Coeur Mining by 40.1% during the second quarter. Morgan Stanley now owns 2,898,249 shares of the basic materials company’s stock worth $12,578,000 after acquiring an additional 830,146 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Coeur Mining during the second quarter worth about $3,493,000. Finally, Macquarie Group Ltd. increased its position in shares of Coeur Mining by 7.1% during the second quarter. Macquarie Group Ltd. now owns 5,265,765 shares of the basic materials company’s stock worth $22,854,000 after acquiring an additional 347,633 shares during the last quarter. Institutional investors own 64.05% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

Further Reading: Equal Weight Rating

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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