Noble Financial Reiterates Buy Rating for Coeur Mining (CDE)

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Coeur Mining (NYSE:CDE)‘s stock had its “buy” rating restated by analysts at Noble Financial in a note issued to investors on Thursday.

CDE has been the topic of several other reports. ValuEngine raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. BMO Capital Markets upped their target price on Coeur Mining from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Roth Capital raised Coeur Mining from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Tuesday, July 10th. Raymond James dropped their target price on Coeur Mining from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Friday, August 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $10.75 target price on shares of Coeur Mining in a research report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Coeur Mining has a consensus rating of “Buy” and an average price target of $9.71.

NYSE:CDE opened at $5.63 on Thursday. The firm has a market cap of $1.05 billion, a P/E ratio of 281.50 and a beta of 0.55. Coeur Mining has a 1-year low of $5.18 and a 1-year high of $9.87. The company has a current ratio of 2.23, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $170.00 million for the quarter, compared to analyst estimates of $174.67 million. Coeur Mining had a negative return on equity of 0.32% and a negative net margin of 0.67%. Coeur Mining’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share. equities research analysts predict that Coeur Mining will post -0.03 EPS for the current year.

In other news, CFO Peter C. Mitchell sold 20,000 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $7.03, for a total transaction of $140,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mitchell J. Krebs purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were bought at an average price of $6.61 per share, with a total value of $66,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 12,000 shares of company stock valued at $80,400. 1.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC bought a new stake in Coeur Mining during the 1st quarter valued at approximately $101,000. Stifel Financial Corp bought a new stake in Coeur Mining during the 1st quarter valued at approximately $102,000. Dynamic Technology Lab Private Ltd bought a new stake in Coeur Mining during the 1st quarter valued at approximately $117,000. Hilltop Holdings Inc. bought a new stake in Coeur Mining during the 1st quarter valued at approximately $122,000. Finally, Clinton Group Inc. bought a new stake in Coeur Mining during the 1st quarter valued at approximately $228,000. Institutional investors own 67.25% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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