Coeur Mining (CDE) Stock Rating Reaffirmed by Noble Financial

Coeur Mining (NYSE:CDE)‘s stock had its “buy” rating restated by research analysts at Noble Financial in a research note issued to investors on Friday.

A number of other brokerages also recently issued reports on CDE. ValuEngine raised shares of Coeur Mining from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. BMO Capital Markets lowered their price target on shares of Coeur Mining from $10.50 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, October 10th. Raymond James reissued an “outperform” rating and set a $10.00 price target on shares of Coeur Mining in a report on Tuesday, July 10th. Canaccord Genuity reissued a “buy” rating and set a $10.75 price target on shares of Coeur Mining in a report on Friday, July 13th. Finally, 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. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Coeur Mining currently has an average rating of “Buy” and a consensus price target of $8.96.

NYSE CDE traded up $0.22 during mid-day trading on Friday, reaching $5.16. 3,070,386 shares of the stock were exchanged, 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 capitalization of $1.03 billion, a PE ratio of 258.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.96.

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 the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $151.15 million. During the same period last year, the company posted ($0.10) earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities analysts expect that Coeur Mining will post -0.09 EPS for the current year.

Large investors have recently bought and sold shares of the business. Stifel Financial Corp acquired a new position in Coeur Mining during the first quarter worth $102,000. Dynamic Technology Lab Private Ltd acquired a new position in Coeur Mining during the first quarter worth $117,000. Stevens Capital Management LP raised its position in Coeur Mining by 60.9% during the second quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 11,430 shares during the period. Xact Kapitalforvaltning AB raised its position in Coeur Mining by 37.1% during the first quarter. Xact Kapitalforvaltning AB now owns 30,329 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 8,200 shares during the period. Finally, Tibra Equities Europe Ltd acquired a new position in Coeur Mining during the second quarter worth $337,000. 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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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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