Coeur Mining (CDE) Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Coeur Mining (NYSE:CDE) from a hold rating to a strong sell rating in a report published on Thursday morning.

According to Zacks, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois. “

A number of other equities research analysts also recently issued reports on CDE. ValuEngine raised shares of Coeur Mining from a sell rating to a hold rating in a report on Friday, July 6th. Roth Capital raised shares of Coeur Mining from a neutral rating to a buy rating and set a $9.00 price target on the stock in a report on Tuesday, July 10th. BMO Capital Markets increased their price target on shares of Coeur Mining from $10.00 to $11.00 and gave the stock a buy rating in a report on Tuesday, July 10th. Raymond James reissued an outperform rating and issued a $10.00 price target on shares of Coeur Mining in a report on Tuesday, July 10th. Finally, Noble Financial reissued a hold rating on shares of Coeur Mining in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. Coeur Mining presently has a consensus rating of Buy and a consensus target price of $8.96.

Shares of Coeur Mining stock traded up $0.22 on Thursday, reaching $5.16. The stock had a trading volume of 3,070,386 shares, compared to its average volume of 3,137,007. Coeur Mining has a 1 year low of $4.46 and a 1 year high of $8.94. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 258.00 and a beta of 0.74. The company has a current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 31st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Coeur Mining had a negative return on equity of 0.47% and a negative net margin of 5.92%. The firm had revenue of $148.80 million during the quarter, compared to analysts’ expectations of $151.15 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Coeur Mining will post -0.09 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB increased its position in shares of Coeur Mining by 37.1% in the first quarter. Xact Kapitalforvaltning AB now owns 30,329 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 8,200 shares during the last quarter. Stevens Capital Management LP increased its position in shares of Coeur Mining by 60.9% in the second quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 11,430 shares during the last quarter. Swiss National Bank increased its position in shares of Coeur Mining by 3.9% in the second quarter. Swiss National Bank now owns 329,000 shares of the basic materials company’s stock worth $2,500,000 after purchasing an additional 12,300 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Coeur Mining in the first quarter worth approximately $102,000. Finally, AGF Investments Inc. increased its position in shares of Coeur Mining by 4.1% in the second quarter. AGF Investments Inc. now owns 316,900 shares of the basic materials company’s stock worth $2,408,000 after purchasing an additional 12,500 shares during the last quarter. Institutional investors own 67.08% of the company’s stock.

Coeur Mining Company Profile

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

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