Shares of Coeur Mining Inc (NYSE:CDE) gapped down before the market opened on Monday . The stock had previously closed at $4.05, but opened at $3.94. Coeur Mining shares last traded at $3.90, with a volume of 2594185 shares.
CDE has been the subject of a number of research reports. B. Riley initiated coverage on Coeur Mining in a research note on Friday, March 1st. They set a “buy” rating and a $6.25 target price for the company. Noble Financial set a $7.00 target price on Coeur Mining and gave the stock a “buy” rating in a research note on Wednesday, January 16th. BMO Capital Markets set a $6.00 target price on Coeur Mining and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Raymond James reissued an “outperform” rating and set a $6.50 target price on shares of Coeur Mining in a research note on Friday, February 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $7.58.
The company has a debt-to-equity ratio of 0.51, a current ratio of 1.85 and a quick ratio of 0.97. The stock has a market capitalization of $808.53 million, a price-to-earnings ratio of -390.00 and a beta of 0.42.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. Coeur Mining had a negative return on equity of 0.22% and a negative net margin of 7.74%. The firm had revenue of $143.80 million during the quarter, compared to the consensus estimate of $152.25 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s revenue was down 33.0% on a year-over-year basis. As a group, equities research analysts predict that Coeur Mining Inc will post 0.11 earnings per share for the current year.
In other Coeur Mining news, SVP Hans John Rasmussen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total transaction of $35,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.88% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Baldwin Brothers Inc. MA acquired a new position in Coeur Mining during the 4th quarter worth approximately $27,000. Gotham Asset Management LLC acquired a new position in Coeur Mining during the 4th quarter worth approximately $52,000. Quantamental Technologies LLC acquired a new position in Coeur Mining during the 4th quarter worth approximately $54,000. CoreCommodity Management LLC boosted its position in Coeur Mining by 126.5% during the 4th quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 7,783 shares during the last quarter. Finally, Perritt Capital Management Inc. acquired a new position in Coeur Mining during the 4th quarter worth approximately $67,000. 67.22% of the stock is owned by hedge funds and other institutional investors.
Coeur Mining Company Profile (NYSE:CDE)
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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