Coeur Mining (CDE) Earns “Outperform” Rating from Raymond James

Raymond James reaffirmed their outperform rating on shares of Coeur Mining (NYSE:CDE) in a research report sent to investors on Thursday. The brokerage currently has a $8.00 price objective on the basic materials company’s stock.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Coeur Mining from a sell rating to a strong sell rating in a report on Tuesday, August 28th. Zacks Investment Research raised shares of Coeur Mining from a strong sell rating to a hold rating in a report on Tuesday, December 11th. BMO Capital Markets set a $8.00 target price on shares of Coeur Mining and gave the stock a buy rating in a report on Thursday, October 11th. Noble Financial reaffirmed a buy rating on shares of Coeur Mining in a report on Thursday, September 6th. Finally, TheStreet lowered shares of Coeur Mining from a c- rating to a d+ rating in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Coeur Mining has a consensus rating of Buy and an average price target of $8.75.

CDE opened at $3.82 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Coeur Mining has a twelve month low of $3.80 and a twelve month high of $8.94.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, October 31st. The basic materials company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). Coeur Mining had a negative return on equity of 0.47% and a negative net margin of 5.92%. The firm had revenue of $148.80 million during the quarter, compared to the consensus estimate of $151.15 million. During the same period in the previous year, the company posted ($0.10) EPS. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, analysts predict that Coeur Mining will post -0.13 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. HRT Financial LLC bought a new stake in Coeur Mining during the 3rd quarter worth about $117,000. Thrivent Financial for Lutherans bought a new stake in Coeur Mining during the 3rd quarter worth about $122,000. Jefferies Group LLC bought a new stake in Coeur Mining during the 3rd quarter worth about $131,000. Tower Research Capital LLC TRC grew its holdings in Coeur Mining by 17,466.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 25,471 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 25,326 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Coeur Mining during the 3rd quarter worth about $160,000. 65.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Book Value Per Share – BVPS

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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