BMO Capital Markets set a $6.00 price objective on Coeur Mining (NYSE:CDE) in a research report report published on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the basic materials company’s stock.
Other research analysts have also issued reports about the company. B. Riley began coverage on Coeur Mining in a research report on Friday, March 1st. They issued a buy rating and a $6.25 target price on the stock. Noble Financial set a $7.00 target price on Coeur Mining and gave the stock a buy rating in a research report on Wednesday, January 16th. Raymond James set a $8.00 target price on Coeur Mining and gave the stock an outperform rating in a research report on Friday, December 28th. Finally, Zacks Investment Research lowered Coeur Mining from a hold rating to a strong sell rating in a research report on Tuesday, January 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $7.58.
Shares of CDE opened at $3.90 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.97 and a current ratio of 1.85. The firm has a market capitalization of $808.53 million, a P/E ratio of -390.00 and a beta of 0.42. Coeur Mining has a twelve month low of $3.76 and a twelve month high of $8.89.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 20th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.20. The business had revenue of $143.80 million for the quarter, compared to analyst estimates of $152.25 million. Coeur Mining had a negative return on equity of 0.22% and a negative net margin of 7.74%. The business’s quarterly revenue was down 33.0% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. Equities research analysts expect that Coeur Mining will post 0.11 EPS for the current year.
In other Coeur Mining news, SVP Hans John Rasmussen sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total value of $35,850.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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 purchased a new position in Coeur Mining in the fourth quarter valued at about $27,000. Gotham Asset Management LLC purchased a new position in Coeur Mining in the fourth quarter valued at about $52,000. Quantamental Technologies LLC purchased a new position in Coeur Mining in the fourth quarter valued at about $54,000. CoreCommodity Management LLC raised its position in Coeur Mining by 126.5% in the fourth quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 7,783 shares during the period. Finally, Perritt Capital Management Inc. purchased a new position in Coeur Mining in the fourth quarter valued at about $67,000. 67.22% of the stock is currently 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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