Coeur Mining’s (CDE) “Buy” Rating Reiterated at Noble Financial

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Coeur Mining (NYSE:CDE)‘s stock had its “buy” rating restated by research analysts at Noble Financial in a research report issued on Monday, AnalystRatings.com reports. They presently have a $5.00 target price on the basic materials company’s stock. Noble Financial’s price target indicates a potential upside of 9.65% from the stock’s previous close.

A number of other brokerages also recently commented on CDE. Raymond James reiterated a “buy” rating on shares of Intercept Pharmaceuticals in a report on Thursday, June 6th. ValuEngine downgraded shares of TheStreet from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Monday, July 8th. Finally, BMO Capital Markets upgraded shares of 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 given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.00.

CDE stock opened at $4.56 on Monday. The company has a market capitalization of $949.60 million, a P/E ratio of -456.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 0.63. The company has a 50-day moving average price of $3.79. Coeur Mining has a 1-year low of $2.78 and a 1-year high of $8.20.

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

In other Coeur Mining news, CFO Thomas S. Whelan purchased 25,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $2.84 per share, for a total transaction of $71,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Kenneth Thompson purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $2.93 per share, for a total transaction of $43,950.00. Following the purchase, the director now directly owns 150,645 shares of the company’s stock, valued at approximately $441,389.85. The disclosure for this purchase can be found here. Insiders have bought 41,750 shares of company stock worth $120,200 in the last 90 days. Insiders own 1.88% of the company’s stock.

Several hedge funds have recently modified their holdings of CDE. Nisa Investment Advisors LLC grew its stake in shares of Coeur Mining by 1,075.3% during the first quarter. Nisa Investment Advisors LLC now owns 10,930 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 10,000 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $52,000. CoreCommodity Management LLC grew its stake in shares of Coeur Mining by 126.5% during the fourth quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 7,783 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Coeur Mining by 77.1% during the fourth quarter. Hsbc Holdings PLC now owns 19,197 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 8,358 shares during the last quarter. Finally, Quantamental Technologies LLC grew its stake in shares of Coeur Mining by 81.4% during the first quarter. Quantamental Technologies LLC now owns 22,108 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 9,920 shares during the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.

About Coeur Mining

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.

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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