Coeur Mining, Inc. (CDE) Stock Rating Reaffirmed by Noble Financial

Coeur Mining, Inc. (NYSE:CDE)‘s stock had its “hold” rating reaffirmed by research analysts at Noble Financial in a research note issued to investors on Tuesday.

CDE has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $13.00 target price on shares of Coeur Mining in a research report on Thursday, August 24th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $9.50 target price on shares of Coeur Mining in a research report on Thursday, September 7th. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Coeur Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.91.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). The firm had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. Coeur Mining’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS.

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In related news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $7.67, for a total transaction of $76,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark Spurbeck sold 9,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $87,875.00. The disclosure for this sale can be found here. Insiders have sold a total of 68,610 shares of company stock valued at $597,655 over the last three months. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in Coeur Mining by 46.8% in the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after acquiring an additional 5,933,383 shares in the last quarter. GMT Capital Corp grew its position in Coeur Mining by 5.1% in the 2nd quarter. GMT Capital Corp now owns 12,348,689 shares of the basic materials company’s stock valued at $96,690,000 after acquiring an additional 600,900 shares in the last quarter. BlackRock Inc. grew its position in Coeur Mining by 1.3% in the 2nd quarter. BlackRock Inc. now owns 11,688,139 shares of the basic materials company’s stock valued at $100,285,000 after acquiring an additional 149,548 shares in the last quarter. State Street Corp grew its position in Coeur Mining by 25.5% in the 1st quarter. State Street Corp now owns 8,767,696 shares of the basic materials company’s stock valued at $70,842,000 after acquiring an additional 1,780,872 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Coeur Mining by 65.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock valued at $39,939,000 after acquiring an additional 1,840,601 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Coeur Mining Company Profile

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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