Cour Mining, Inc. (NYSE:CDE – Free Report) has received an average rating of “Hold” from the seven brokers covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a Hold rating and two have given the company a Buy rating. The 12-month average price target among brokers who have issued ratings on the stock in the past year is $3.79.
A number of research firms have recently commented on CDE. Raymond James lowered his price target on Coeur Mining from $4.25 to $4.00 and set a “market performance” rating for the company in a report on Tuesday, May 16. National Bankshares set a price target of $4.25 on Coeur Mining and gave the company an “outperform” rating in a research note on Wednesday, June 28. StockNews.com began reporting on Coeur Mining on Thursday, May 18 in a research note. They have set up a “sell” rating for the company. Finally, on Tuesday, June 27, the National Bank Financial began reporting on Coeur Mining in a research note. They set an “outperform” rating and a $4.25 price target for the company.
Buying and selling Insider at Coeur Mining
In other news, COO Michael Routledge bought 8,000 shares of the stock in a transaction on Wednesday, May 24. The shares were acquired at an average price of $3.16 per share for a total transaction of $25,280.00. Following the closing of the transaction, the chief operating officer now directly owns 301,782 shares of the company’s stock, valued at approximately $953,631.12. The acquisition was disclosed in a filing with the SEC, which can be accessed at this link. Insiders bought 16,600 company shares worth $51,080 in the last 90 days. Corporate insiders own 1.74% of the company’s stock.
Institutional inflow and outflow
Several major investors have recently adjusted their holdings of the shares. Brandywine Global Investment Management LLC purchased a new equity position in Coeur Mining worth approximately $2,981,000 in the first quarter. JPMorgan Chase & Co. increased its stake in Coeur Mining by 53.9% during the first quarter. JPMorgan Chase & Co. now owns 700,765 shares of the company’s basic materials stock valued at $2,797,000 after purchasing an additional 245,497 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Coeur Mining by 130.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 97,216 shares of the company’s basic materials stock valued at $388,000 after purchasing an additional 55,050 shares during the period. Hollencrest Capital Management increased its stake in Coeur Mining by 52.5% during the first quarter. Hollencrest Capital Management now owns 110,085 shares of the company’s $439,000 basic materials stock after purchasing an additional 37,900 shares during the period. Finally, State Street Corp increased its stake in Coeur Mining by 11.2% during the first quarter. State Street Corp. now owns 21,273,776 shares of the company’s basic materials stock valued at $84,882,000 after purchasing an additional 2,140,125 shares during the period. Hedge funds and other institutional investors own 62.60% of the company’s stock.
Coeur Mining share rises 2.8%
Shares of NYSE:CDE opened at $2.92 on Tuesday. The company has a market cap of $972.48 million, a P/E ratio of -7.30 and a beta of 1.53. Coeur Mining has a 52-week low of $2.54 and a 52-week high of $4.55. The company’s 50-day simple moving average is $3.18 and its 200-day simple moving average is $3.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 1.27.
Coeur Mining (NYSE:CDE – Free Report) last released its earnings results on Wednesday, May 10. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.09) by ($0.02). Coeur Mining had a negative return on equity of 12.34% and a negative net margin of 14.08%. The company had revenue of $187.30 million during the quarter, compared to analyst expectations of $175.13 million. As a group, research analysts predict that Coeur Mining will post -0.13 EPS for the current fiscal year.
About Coeur mining
Coeur Mining, Inc. searches for precious metals in the United States, Canada and Mexico. It mainly investigates properties of gold, silver, zinc and lead. The company has 100% interests in the Palmarejo gold and silver mine with an area of approximately 67,279 net hectares located in the state of Chihuahua in northern Mexico; the approximately 100,000 acres (43,441 hectares) of Rochester Silver and Gold Mine in northwestern Nevada; the 3,972 net acre Kensington Gold Mine north of Juneau, Alaska; the Wharf Gold Mine with approximately 3,243 net acres located in the northern Black Hills of western South Dakota; and the 97,298 net acre Silvertip silver-zinc-lead mine located in northern British Columbia, Canada.
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