Several other analysts have also weighed in on CDE. Noble Financial reaffirmed a hold rating on shares of Coeur Mining in a report on Tuesday, October 31st. Raymond James Financial raised shares of Coeur Mining from a market perform rating to an outperform rating and raised their price objective for the stock from $10.25 to $10.50 in a report on Tuesday, November 21st. Royal Bank of Canada set a $10.00 price objective on shares of Coeur Mining and gave the stock a buy rating in a report on Tuesday, December 5th. Zacks Investment Research raised shares of Coeur Mining from a strong sell rating to a hold rating in a report on Tuesday, January 2nd. Finally, ValuEngine lowered shares of Coeur Mining from a hold rating to a sell rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $10.21.
Coeur Mining (CDE) opened at $8.04 on Tuesday. The company has a market cap of $1,503.94, a PE ratio of -804.00 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 1.97. Coeur Mining has a one year low of $6.71 and a one year high of $10.24.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7.97, for a total value of $79,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Frank L. Jr. Hanagarne sold 5,684 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Raymond James & Associates acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $133,000. Parametrica Management Ltd acquired a new stake in shares of Coeur Mining in the third quarter valued at approximately $160,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $166,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Coeur Mining by 83.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,380 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 9,300 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $180,000. 73.35% of the stock is owned by institutional investors and hedge funds.
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About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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