Coeur Mining's (CDE) "Hold (C)" Rating Reaffirmed at Weiss Ratings
Weiss Ratings has reaffirmed a "hold (C)" rating on Coeur Mining (CDE) shares. The stock is currently trading at $18.02, down 1.3%. Analysts have varied opinions, with Raymond James setting a price target of $21.00, while Zacks upgraded it to a "strong-buy". Coeur Mining reported a quarterly EPS of $0.23, missing estimates, but revenue increased by 76.9% year-over-year. Insiders have sold shares recently, and hedge funds are actively trading the stock. The consensus rating remains "buy" with an average price target of $13.38.
Coeur Mining (NYSE:CDE - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Thursday,Weiss Ratings reports.
- 3 Mining Stocks Poised to Ride the Precious Metals Boom
Several other equities analysts also recently issued reports on CDE. Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a report on Thursday. Zacks Research raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. BMO Capital Markets increased their price objective on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Roth Capital set a $20.00 price target on shares of Coeur Mining and gave the stock a "buy" rating in a report on Friday, October 3rd. Finally, Cormark downgraded shares of Coeur Mining from a "moderate buy" rating to a "hold" rating in a report on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and an average price target of $13.38.
View Our Latest Stock Analysis on Coeur Mining
Coeur Mining Stock Down 1.3%
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Coeur Mining stock traded down $0.24 during trading hours on Thursday, reaching $18.02. The stock had a trading volume of 7,530,085 shares, compared to its average volume of 16,360,103. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 48.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The business's 50 day moving average price is $17.13 and its 200-day moving average price is $11.52. Coeur Mining has a 52 week low of $4.58 and a 52 week high of $23.61.
Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. During the same quarter last year, the company earned $0.12 EPS. The business's revenue was up 76.9% compared to the same quarter last year. Sell-side analysts anticipate that Coeur Mining will post 0.58 EPS for the current year.
Insiders Place Their Bets
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In other Coeur Mining news, SVP Casey M. Nault sold 102,257 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the sale, the senior vice president owned 568,623 shares in the company, valued at approximately $6,823,476. This represents a 15.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Pierre Beaudoin sold 48,362 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director owned 140,000 shares in the company, valued at approximately $1,619,800. This represents a 25.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 516,619 shares of company stock worth $6,626,362. Corporate insiders own 1.50% of the company's stock.
Hedge Funds Weigh In On Coeur Mining
Hedge funds have recently bought and sold shares of the business. Range Financial Group LLC purchased a new position in shares of Coeur Mining during the 2nd quarter valued at approximately $1,115,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Coeur Mining by 150.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 215,707 shares of the basic materials company's stock valued at $1,277,000 after buying an additional 129,574 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Coeur Mining during the 1st quarter valued at approximately $540,000. Allspring Global Investments Holdings LLC lifted its position in shares of Coeur Mining by 3,091.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,021,974 shares of the basic materials company's stock valued at $6,050,000 after buying an additional 989,952 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Coeur Mining by 17,945.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 32,843 shares of the basic materials company's stock valued at $291,000 after buying an additional 32,661 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.
About Coeur Mining
(Get Free Report)Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.
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