Coeur Mining (NYSE:CDE) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Coeur Mining (NYSE:CDE) from a sell rating to a hold rating in a research report released on Monday morning, Zacks.com reports.

According to Zacks, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois. “

A number of other research firms have also recently issued reports on CDE. Raymond James reaffirmed a buy rating on shares of Intercept Pharmaceuticals in a research report on Thursday, June 6th. ValuEngine cut TheStreet from a buy rating to a hold rating in a report on Thursday, May 2nd. Noble Financial assumed coverage on Genprex in a report on Monday, April 29th. They set an outperform rating and a $5.00 price target for the company. Finally, BMO Capital Markets raised TMAC Resources from a market perform rating to an outperform rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $5.95.



CDE opened at $4.42 on Monday. Coeur Mining has a 12-month low of $2.78 and a 12-month high of $8.36. The firm has a market capitalization of $910.63 million, a PE ratio of -442.00 and a beta of 0.96. The company has a 50 day simple moving average of $3.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.63 and a current ratio of 1.36.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06). Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. The business had revenue of $154.90 million during the quarter, compared to analyst estimates of $156.37 million. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, analysts forecast that Coeur Mining will post -0.24 earnings per share for the current year.

In other news, Director J Kenneth Thompson purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average cost of $2.93 per share, with a total value of $43,950.00. Following the acquisition, the director now owns 150,645 shares in the company, valued at approximately $441,389.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas S. Whelan purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $2.84 per share, with a total value of $71,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 41,750 shares of company stock valued at $120,200. 1.88% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. raised its stake in Coeur Mining by 32.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 668,739 shares of the basic materials company’s stock worth $2,728,000 after buying an additional 162,639 shares during the period. Marshall Wace North America L.P. raised its stake in Coeur Mining by 1,723.9% during the 1st quarter. Marshall Wace North America L.P. now owns 60,025 shares of the basic materials company’s stock worth $245,000 after buying an additional 56,734 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Coeur Mining during the 1st quarter worth approximately $105,000. Fosun International Ltd acquired a new position in Coeur Mining during the 1st quarter worth approximately $307,000. Finally, ETF Managers Group LLC raised its stake in Coeur Mining by 17.0% during the 1st quarter. ETF Managers Group LLC now owns 500,107 shares of the basic materials company’s stock worth $2,040,000 after buying an additional 72,694 shares during the period. 65.93% of the stock is owned by institutional investors and hedge funds.

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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