Coeur Mining (NYSE:CDE) Stock Price Up 5.2% Following Analyst Upgrade


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Coeur Mining, Inc. (NYSE:CDE)’s share price was up 5.2% on Monday after Roth Capital raised their price target on the stock from $10.00 to $10.50. Roth Capital currently has a buy rating on the stock. Coeur Mining traded as high as $8.52 and last traded at $8.50. Approximately 41,437 shares were traded during trading, a decline of 99% from the average daily volume of 4,623,768 shares. The stock had previously closed at $8.08.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Coeur Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, March 16th. Noble Financial lowered shares of Coeur Mining from an “outperform” rating to a “market perform” rating in a research note on Friday, April 30th. Raymond James cut their price target on Coeur Mining from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Tuesday, April 6th. Finally, Canaccord Genuity raised Coeur Mining from a “speculative buy” rating to a “buy” rating in a report on Thursday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.38.

In other news, SVP Hans John Rasmussen sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $8.62, for a total transaction of $129,300.00. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CDE. Kestra Private Wealth Services LLC boosted its position in shares of Coeur Mining by 8.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 18,071 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 1,460 shares during the period. tru Independence LLC purchased a new position in shares of Coeur Mining in the fourth quarter worth approximately $17,078,000. Nisa Investment Advisors LLC raised its holdings in shares of Coeur Mining by 4.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 41,600 shares of the basic materials company’s stock valued at $431,000 after acquiring an additional 1,900 shares during the period. Hollencrest Capital Management boosted its stake in Coeur Mining by 3.1% in the 1st quarter. Hollencrest Capital Management now owns 72,185 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 2,185 shares during the period. Finally, Virginia Retirement Systems ET AL grew its position in Coeur Mining by 10.6% during the 4th quarter. Virginia Retirement Systems ET AL now owns 22,900 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 0.58. The company has a market cap of $2.13 billion, a PE ratio of -8.11 and a beta of 1.98. The stock has a fifty day moving average price of $9.40 and a 200-day moving average price of $8.92.

Coeur Mining (NYSE:CDE) last released its earnings results on Tuesday, April 27th. The basic materials company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The business had revenue of $202.12 million for the quarter, compared to analysts’ expectations of $207.55 million. Coeur Mining had a negative net margin of 34.20% and a positive return on equity of 5.56%. The firm’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts anticipate that Coeur Mining, Inc. will post 0.31 earnings per share for the current year.

Coeur Mining Company Profile (NYSE:CDE)

Coeur Mining, Inc explores for, develops, produces, and sells precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 17,044 net acres situated in northwestern Nevada; the Kensington gold mine comprising 12,336 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 7,852 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 98,834 net acres located in northern British Columbia, Canada.

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