Coeur Mining (NYSE:CDE) Stock Gets Downgrade from Wall Street Zen

Coeur Mining (NYSE:CDE) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently commented on CDE. Zacks Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Monday, November 9th. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th. Needham & Company LLC set a $23.50 price objective on shares of Coeur Mining in a research report on Monday. Finally, New Street Research set a $23.50 price objective on shares of Coeur Mining in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.28.

Coeur Mining Price Performance

Coeur Mining stock opened at $13.99 on Friday. Coeur Mining has a 1 year low of $12.71 and a 1 year high of $27.77. The firm has a 50 day moving average price of $16.82 and a 200 day moving average price of $18.51. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 15.38 and a beta of 1.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.60 and a current ratio of 3.79.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $983.62 million for the quarter, compared to analyst estimates of $1.14 billion. Coeur Mining had a return on equity of 8.12% and a net margin of 19.25%. The business’s revenue for the quarter was up 77.4% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. Sell-side analysts predict that Coeur Mining will post 0.74 earnings per share for the current year.

Insider Transactions at Coeur Mining

In related news, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares of the company’s stock, valued at $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Casey M. Nault sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. The trade was a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 51,000 shares of company stock valued at $1,055,070. Insiders own 0.90% of the company’s stock.

Institutional Trading of Coeur Mining

Hedge funds have recently made changes to their positions in the stock. ZEGA Investments LLC increased its position in Coeur Mining by 4.8% in the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock worth $173,000 after buying an additional 481 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Coeur Mining by 0.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company’s stock valued at $4,085,000 after acquiring an additional 701 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of Coeur Mining by 5.3% during the third quarter. Thoroughbred Financial Services LLC now owns 16,180 shares of the basic materials company’s stock worth $284,000 after acquiring an additional 814 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Coeur Mining by 7.5% in the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 820 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company’s president and chief executive officer.