Coeur Mining (NYSE:CDE) Downgraded by ValuEngine to Strong Sell

ValuEngine downgraded shares of Coeur Mining (NYSE:CDE) from a sell rating to a strong sell rating in a research note published on Wednesday, ValuEngine reports.

CDE has been the subject of a number of other reports. TheStreet raised shares of Coeur Mining from a d+ rating to a c- rating in a research report on Tuesday, December 31st. Roth Capital cut shares of Coeur Mining from a neutral rating to a sell rating and set a $5.25 price objective on the stock. in a research note on Monday, January 6th. Raymond James set a $6.25 price objective on shares of Coeur Mining and gave the stock a market perform rating in a research note on Wednesday, November 6th. B. Riley reaffirmed a neutral rating and set a $6.30 price objective (down previously from $7.10) on shares of Coeur Mining in a research note on Monday, January 6th. Finally, Zacks Investment Research raised shares of Coeur Mining from a sell rating to a buy rating and set a $7.25 price objective on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Coeur Mining currently has an average rating of Hold and a consensus price target of $6.15.

Shares of Coeur Mining stock traded up $0.10 during midday trading on Wednesday, hitting $7.06. The company had a trading volume of 190,925 shares, compared to its average volume of 6,108,862. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -703.50 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $7.15 and a 200 day simple moving average of $5.66. Coeur Mining has a 12-month low of $2.78 and a 12-month high of $8.29.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $199.47 million during the quarter, compared to analyst estimates of $199.41 million. Coeur Mining had a negative net margin of 10.57% and a negative return on equity of 4.07%. Coeur Mining’s revenue was up 34.1% on a year-over-year basis. During the same period last year, the firm posted ($0.11) EPS. As a group, analysts expect that Coeur Mining will post -0.19 EPS for the current year.

In related news, SVP Casey M. Nault sold 20,000 shares of Coeur Mining stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $7.00, for a total value of $140,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.88% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. JS Capital Management LLC acquired a new stake in Coeur Mining in the 3rd quarter valued at $396,000. Metropolitan Life Insurance Co NY lifted its holdings in Coeur Mining by 21.6% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 69,211 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 12,294 shares in the last quarter. Millennium Management LLC lifted its holdings in Coeur Mining by 260.4% in the 3rd quarter. Millennium Management LLC now owns 1,987,370 shares of the basic materials company’s stock valued at $9,559,000 after purchasing an additional 1,435,869 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Coeur Mining by 9.6% in the 3rd quarter. California State Teachers Retirement System now owns 342,891 shares of the basic materials company’s stock valued at $1,649,000 after purchasing an additional 30,121 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in Coeur Mining in the 3rd quarter valued at $90,000. 64.05% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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