Coeur Mining Inc (CDE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Coeur Mining Inc (NYSE:CDE) have been assigned an average rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.29.

Several brokerages have recently commented on CDE. Raymond James Financial upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $10.25 to $10.50 in a research report on Tuesday, November 21st. BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Friday, November 17th. They issued an “outperform” rating and a $10.50 target price for the company. Roth Capital dropped their target price on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Zacks Investment Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Noble Financial restated a “hold” rating on shares of Coeur Mining in a research report on Thursday, January 11th.

In related news, COO Frank L. Jr. Hanagarne sold 5,684 shares of Coeur Mining stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Coeur Mining by 29.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after purchasing an additional 1,374,250 shares during the last quarter. Ninepoint Partners LP bought a new stake in Coeur Mining during the 3rd quarter worth approximately $6,378,000. U S Global Investors Inc. grew its holdings in Coeur Mining by 84.8% during the 3rd quarter. U S Global Investors Inc. now owns 200,000 shares of the basic materials company’s stock worth $1,838,000 after acquiring an additional 91,776 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in Coeur Mining by 14.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,109,860 shares of the basic materials company’s stock worth $10,199,000 after acquiring an additional 136,617 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC grew its holdings in Coeur Mining by 8.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,349,811 shares of the basic materials company’s stock worth $21,595,000 after acquiring an additional 177,097 shares during the last quarter. 69.31% of the stock is currently owned by institutional investors.

Shares of Coeur Mining (CDE) traded down $0.24 during trading hours on Friday, hitting $7.63. 6,246,964 shares of the stock traded hands, compared to its average volume of 3,345,230. The firm has a market cap of $1,522.25, a PE ratio of -95.36 and a beta of 0.55. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Coeur Mining has a one year low of $6.71 and a one year high of $11.57.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $228.64 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The business’s revenue for the quarter was up 54.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. sell-side analysts forecast that Coeur Mining will post -0.03 EPS for the current fiscal year.

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About Coeur Mining

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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