Several other research analysts have also recently commented on CDE. Zacks Investment Research raised Coeur Mining from a sell rating to a hold rating in a research report on Wednesday, July 17th. BMO Capital Markets set a $5.00 target price on Coeur Mining and gave the stock a hold rating in a research report on Friday, July 19th. Raymond James raised their target price on Coeur Mining from $4.75 to $5.25 and gave the stock an outperform rating in a research report on Monday, July 22nd. Roth Capital reissued a buy rating on shares of Coeur Mining in a report on Monday, July 15th. Finally, Noble Financial reissued a buy rating and set a $5.00 price objective on shares of Coeur Mining in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $5.38.
CDE stock traded down $0.06 during midday trading on Thursday, hitting $4.78. The stock had a trading volume of 5,632,681 shares, compared to its average volume of 6,502,136. The firm has a market capitalization of $992.67 million, a price-to-earnings ratio of -478.00 and a beta of 0.93. Coeur Mining has a 52 week low of $2.78 and a 52 week high of $6.74. The stock’s 50-day simple moving average is $4.33. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.52.
In related news, CFO Thomas S. Whelan acquired 25,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was bought at an average cost of $2.84 per share, with a total value of $71,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Kenneth Thompson acquired 15,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $2.93 per share, with a total value of $43,950.00. Following the completion of the acquisition, the director now owns 150,645 shares of the company’s stock, valued at approximately $441,389.85. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 41,750 shares of company stock valued at $120,200. Company insiders own 1.88% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. ETF Managers Group LLC lifted its holdings in shares of Coeur Mining by 17.0% during the first quarter. ETF Managers Group LLC now owns 500,107 shares of the basic materials company’s stock valued at $2,040,000 after acquiring an additional 72,694 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Coeur Mining by 39.7% in the fourth quarter. Two Sigma Advisers LP now owns 226,000 shares of the basic materials company’s stock valued at $1,010,000 after buying an additional 64,173 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Coeur Mining by 16.0% in the fourth quarter. Geode Capital Management LLC now owns 2,100,322 shares of the basic materials company’s stock valued at $9,388,000 after buying an additional 289,635 shares during the last quarter. Clean Yield Group bought a new position in shares of Coeur Mining in the first quarter valued at about $106,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Coeur Mining by 44.9% in the first quarter. BNP Paribas Arbitrage SA now owns 397,705 shares of the basic materials company’s stock valued at $1,623,000 after buying an additional 123,309 shares during the last quarter. 65.87% of the stock is owned by institutional investors.
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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