Coeur Mining (NYSE:CDE) Stock Moved Down to “Sell” by Wall Street Zen

Wall Street Zen lowered shares of Coeur Mining (NYSE:CDE) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

CDE has been the topic of several other research reports. Needham & Company LLC set a $23.50 price objective on shares of Coeur Mining in a report on Monday, November 9th. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Scotiabank decreased their target price on Coeur Mining from $26.50 to $23.50 and set a “sector outperform” rating for the company in a research report on Monday, November 9th. Roth Capital set a $19.00 target price on Coeur Mining in a research report on Friday, August 7th. Finally, Zacks Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and a consensus price target of $25.28.

Coeur Mining Stock Down 2.2%

Shares of Coeur Mining stock traded down $0.31 during trading on Friday, reaching $13.99. 21,516,012 shares of the company traded hands, compared to its average volume of 37,039,896. The firm has a market capitalization of $14.30 billion, a PE ratio of 16.08 and a beta of 1.46. Coeur Mining has a 1-year low of $12.71 and a 1-year high of $27.77. The company has a 50 day moving average price of $16.82 and a 200-day moving average price of $18.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.79 and a quick ratio of 2.60.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Coeur Mining had a return on equity of 8.12% and a net margin of 19.25%. The company had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 77.4% compared to the same quarter last year. As a group, equities research analysts expect that Coeur Mining will post 0.74 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, December 16th. Investors of record on Monday, November 30th will be given a $0.02 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining’s dividend payout ratio (DPR) is presently 4.60%.

Insider Activity at Coeur Mining

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Casey Nault sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total transaction of $210,600.00. Following the transaction, the executive vice president owned 530,086 shares in the company, valued at approximately $11,163,611.16. The trade was a 1.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 51,000 shares of company stock valued at $1,055,070. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its position in Coeur Mining by 83.2% during the first quarter. Bank of America Corp DE now owns 5,429,896 shares of the basic materials company’s stock valued at $101,919,000 after buying an additional 2,466,122 shares during the period. Nykredit A S bought a new stake in Coeur Mining in the second quarter worth about $2,456,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Coeur Mining in the third quarter worth about $1,463,000. Oakmont Investment Advisors Inc. bought a new stake in Coeur Mining in the second quarter worth about $947,000. Finally, Arizona State Retirement System raised its position in Coeur Mining by 68.1% in the second quarter. Arizona State Retirement System now owns 296,611 shares of the basic materials company’s stock worth $4,841,000 after acquiring an additional 120,212 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company’s president and chief executive officer.