Coeur Mining (NYSE:CDE) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Coeur Mining (NYSE:CDE) from a sell rating to a hold rating in a research report report published on Thursday, ValuEngine reports.

A number of other equities analysts have also issued reports on the stock. BMO Capital Markets set a $5.00 target price on shares of Coeur Mining and gave the company a hold rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Coeur Mining from a sell rating to a hold rating in a research report on Wednesday, July 17th. Noble Financial reiterated a buy rating and issued a $5.00 target price on shares of Coeur Mining in a research report on Monday, July 15th. Roth Capital reiterated a buy rating on shares of Coeur Mining in a research report on Monday, July 15th. Finally, Raymond James raised their price objective on shares of Coeur Mining from $4.75 to $5.25 and gave the company an outperform rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Coeur Mining has a consensus rating of Buy and an average price target of $5.38.

CDE traded down $0.06 on Thursday, reaching $4.78. The company had a trading volume of 5,632,681 shares, compared to its average volume of 6,112,344. The firm has a fifty day moving average of $4.33. The stock has a market cap of $943.45 million, a P/E ratio of -478.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 0.63. Coeur Mining has a one year low of $2.78 and a one year high of $6.74.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06). The company had revenue of $154.90 million during the quarter, compared to the consensus estimate of $156.37 million. Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. The company’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts forecast that Coeur Mining will post -0.26 EPS for the current fiscal year.

In other news, Director J Kenneth Thompson bought 15,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of $2.93 per share, for a total transaction of $43,950.00. Following the completion of the acquisition, the director now directly owns 150,645 shares in the company, valued at approximately $441,389.85. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas S. Whelan bought 25,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $2.84 per share, with a total value of $71,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 41,750 shares of company stock valued at $120,200. Insiders own 1.88% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CDE. Nisa Investment Advisors LLC boosted its holdings in shares of Coeur Mining by 1,075.3% in the first quarter. Nisa Investment Advisors LLC now owns 10,930 shares of the basic materials company’s stock worth $45,000 after buying an additional 10,000 shares during the period. Gotham Asset Management LLC acquired a new position in shares of Coeur Mining in the fourth quarter worth about $52,000. Hsbc Holdings PLC boosted its holdings in shares of Coeur Mining by 77.1% in the fourth quarter. Hsbc Holdings PLC now owns 19,197 shares of the basic materials company’s stock worth $86,000 after buying an additional 8,358 shares during the period. Quantamental Technologies LLC boosted its holdings in shares of Coeur Mining by 81.4% in the first quarter. Quantamental Technologies LLC now owns 22,108 shares of the basic materials company’s stock worth $90,000 after buying an additional 9,920 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Coeur Mining in the first quarter worth about $101,000. Institutional investors own 65.87% 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.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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