Raymond James set a $6.25 price target on Coeur Mining (NYSE:CDE) in a research report sent to investors on Wednesday, BayStreet.CA reports. The firm currently has a market perform rating on the basic materials company’s stock. Raymond James also issued estimates for Coeur Mining’s Q1 2020 earnings at $0.02 EPS and FY2020 earnings at $0.12 EPS.
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A number of other brokerages have also weighed in on CDE. ValuEngine lowered Coeur Mining from a hold rating to a sell rating in a research note on Wednesday, October 30th. BMO Capital Markets set a $5.00 target price on Coeur Mining and gave the company a hold rating in a research note on Friday, July 19th. Canaccord Genuity lowered Coeur Mining from a buy rating to a hold rating and set a $5.50 target price for the company. in a research note on Thursday, August 8th. Zacks Investment Research lowered Coeur Mining from a buy rating to a hold rating in a research note on Tuesday, October 15th. Finally, Roth Capital reiterated a neutral rating and issued a $5.25 price target on shares of Coeur Mining in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $6.08.
Shares of NYSE:CDE traded up $0.06 during midday trading on Wednesday, reaching $5.94. The company’s stock had a trading volume of 6,943,644 shares, compared to its average volume of 4,978,870. Coeur Mining has a fifty-two week low of $2.78 and a fifty-two week high of $6.14. The company has a market capitalization of $1.40 billion, a P/E ratio of -594.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.15 and a quick ratio of 0.42. The business’s fifty day simple moving average is $5.20 and its 200-day simple moving average is $4.44.
Coeur Mining (NYSE:CDE) last announced its earnings results on Monday, November 4th. The basic materials company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. Coeur Mining had a negative return on equity of 4.07% and a negative net margin of 10.57%. The company had revenue of $199.47 million during the quarter, compared to analyst estimates of $199.41 million. During the same period last year, the company posted ($0.11) earnings per share. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. On average, analysts forecast that Coeur Mining will post -0.23 earnings per share for the current fiscal year.
In related news, CAO Kenneth J. Watkinson sold 9,891 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.48, for a total value of $54,202.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.88% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in Coeur Mining during the second quarter worth about $28,000. Advisor Group Inc. raised its position in shares of Coeur Mining by 27.7% during the second quarter. Advisor Group Inc. now owns 33,541 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 7,283 shares during the period. Swiss National Bank raised its position in shares of Coeur Mining by 2.1% during the second quarter. Swiss National Bank now owns 378,300 shares of the basic materials company’s stock worth $1,642,000 after purchasing an additional 7,900 shares during the period. Clean Yield Group raised its position in shares of Coeur Mining by 34.6% during the second quarter. Clean Yield Group now owns 35,000 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 9,000 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Coeur Mining by 23.5% during the second quarter. JPMorgan Chase & Co. now owns 61,299 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 11,657 shares during the period. Institutional investors and hedge funds own 65.51% of the company’s stock.
Coeur Mining Company Profile
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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