Coeur Mining (NYSE:CDE) Stock Gets Price Target Cut from Scotiabank

Coeur Mining (NYSE:CDE) had its price target lowered by Scotiabank from $26.50 to $23.50 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a sector outperform rating on the basic materials company’s stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC set a $23.50 price target on shares of Coeur Mining in a report on Monday. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a research note on Friday, August 7th. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. New Street Research set a $23.50 price target on shares of Coeur Mining in a research report on Monday. Finally, Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average target price of $25.28.

Coeur Mining Trading Down 1.7%

Shares of NYSE CDE opened at $15.03 on Monday. The company has a quick ratio of 2.60, a current ratio of 3.79 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $18.62. Coeur Mining has a 52-week low of $12.71 and a 52-week high of $27.77. The stock has a market capitalization of $15.36 billion, a P/E ratio of 16.44 and a beta of 1.46.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. Coeur Mining had a return on equity of 8.12% and a net margin of 19.25%. Coeur Mining’s revenue was up 77.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. On average, analysts anticipate that Coeur Mining will post 0.77 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 30th will be issued a $0.02 dividend. The ex-dividend date is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining’s dividend payout ratio (DPR) is 4.60%.

Insiders Place Their Bets

In other Coeur Mining news, EVP Casey M. Nault sold 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. The trade was a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas S. Whelan sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 51,000 shares of company stock worth $1,055,070. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of Coeur Mining

Large investors have recently bought and sold shares of the business. ZEGA Investments LLC grew its holdings in Coeur Mining by 4.8% during the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock worth $173,000 after buying an additional 481 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Coeur Mining by 0.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company’s stock worth $4,085,000 after acquiring an additional 701 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Coeur Mining by 5.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 16,180 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 814 shares in the last quarter. Sanctuary Advisors LLC grew its position in Coeur Mining by 7.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 820 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 820 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Coeur Mining

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company’s president and chief executive officer.