Coeur Mining Inc (NYSE:CDE) Given Average Recommendation of “Hold” by Brokerages

Coeur Mining Inc (NYSE:CDE) has received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.00.

A number of research analysts recently commented on CDE shares. Raymond James restated a “buy” rating on shares of Intercept Pharmaceuticals in a research note on Thursday, June 6th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research note on Monday. BMO Capital Markets upgraded TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Noble Financial reiterated a “buy” rating and set a $5.00 price objective on shares of Coeur Mining in a research note on Monday.

Shares of CDE stock traded up $0.13 during trading hours on Friday, reaching $4.93. 7,807,763 shares of the company’s stock were exchanged, compared to its average volume of 5,621,662. Coeur Mining has a fifty-two week low of $2.78 and a fifty-two week high of $8.20. The company has a market capitalization of $984.48 million, a PE ratio of -493.00 and a beta of 0.97. The business’s fifty day simple moving average is $3.82. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The firm had revenue of $154.90 million during the quarter, compared to analyst estimates of $156.37 million. Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities research analysts forecast that Coeur Mining will post -0.29 earnings per share for the current fiscal year.

In other Coeur Mining news, CFO Thomas S. Whelan bought 25,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $2.84 per share, for a total transaction of $71,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Kenneth Thompson bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $2.93 per share, for a total transaction of $43,950.00. Following the acquisition, the director now directly owns 150,645 shares of the company’s stock, valued at approximately $441,389.85. The disclosure for this purchase can be found here. Insiders have acquired 41,750 shares of company stock valued at $120,200 over the last quarter. Corporate insiders own 1.88% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Toroso Investments LLC bought a new stake in shares of Coeur Mining during the fourth quarter worth $826,000. CoreCommodity Management LLC grew its holdings in shares of Coeur Mining by 126.5% during the fourth quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 7,783 shares during the last quarter. ETF Managers Group LLC grew its holdings in shares of Coeur Mining by 17.0% during the first quarter. ETF Managers Group LLC now owns 500,107 shares of the basic materials company’s stock worth $2,040,000 after purchasing an additional 72,694 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Coeur Mining by 115.1% during the fourth quarter. First Trust Advisors LP now owns 301,025 shares of the basic materials company’s stock worth $1,346,000 after purchasing an additional 161,082 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Coeur Mining during the fourth quarter worth $233,000. Institutional investors own 65.90% of the company’s stock.

Coeur Mining Company Profile

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.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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