Coeur Mining Inc (NYSE:CDE) shares were down 5.5% during trading on Thursday . The stock traded as low as $4.60 and last traded at $4.62. Approximately 2,661,912 shares traded hands during trading, a decline of 12% from the average daily volume of 3,038,578 shares. The stock had previously closed at $4.89.
Several research analysts recently commented on CDE shares. Zacks Investment Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Raymond James reiterated an “outperform” rating and set a $8.00 price objective on shares of Coeur Mining in a research note on Thursday, December 13th. Noble Financial set a $7.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Wednesday, January 16th. BMO Capital Markets lowered shares of Coeur Mining from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $6.50 to $6.00 in a research note on Friday, February 22nd. Finally, B. Riley began coverage on shares of Coeur Mining in a research note on Friday, March 1st. They set a “buy” rating and a $6.25 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Coeur Mining currently has a consensus rating of “Buy” and an average price target of $7.58.
The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.97 and a current ratio of 1.85. The company has a market cap of $967.98 million, a PE ratio of -462.00 and a beta of 0.44.
In other news, SVP Hans John Rasmussen sold 7,500 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $4.78, for a total value of $35,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.32% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in shares of Coeur Mining by 11.5% in the 4th quarter. Amalgamated Bank now owns 25,373 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 2,627 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Coeur Mining by 5.9% in the 4th quarter. Legal & General Group Plc now owns 69,486 shares of the basic materials company’s stock valued at $310,000 after acquiring an additional 3,880 shares during the last quarter. CWM Advisors LLC boosted its holdings in shares of Coeur Mining by 25.8% in the 4th quarter. CWM Advisors LLC now owns 24,818 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 5,083 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new stake in shares of Coeur Mining in the 4th quarter valued at $27,000. Finally, CoreCommodity Management LLC boosted its holdings in shares of Coeur Mining by 126.5% in the 4th quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 7,783 shares during the last quarter. 68.49% of the stock is currently owned by institutional investors and hedge funds.
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About Coeur Mining (NYSE:CDE)
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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