Coeur Mining, Inc. (NYSE:CDE – Get Rating) stock has been assigned an average recommendation of “Hold” by the eight analysts currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price set by analysts who have updated their coverage of the stock over the past year is $3.80.
Several research companies have commented on CDE. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and lowered its price target on the company to 3 from $3.75 in a report on Friday, August 5, $50. The Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, August 5 and lowered its price target on the company from $3.75 $3.50. StockNews.com reported on Coeur Mining shares in a research note on Wednesday, October 12. They gave the stock a “sell” rating. Noble Financial downgraded shares of Coeur Mining from a rating of “outperform” to a rating of “market perform” in a research note on Monday, August 8th. Finally, on Wednesday, November 16, Cormark lowered its price target on shares of Coeur Mining to $3.00 in a research note.
Performance of Coeur Mining stock
NYSE:CDE opened at $3.25 on Monday. The company has a leverage ratio of 0.74, a current ratio of 1.73 and a quick ratio of 1.18. The company has a market cap of $913.05 million, a price to earnings ratio of -6.50 and a beta of 1.52. The company’s 50-day moving average is $3.50 and the two-hundred-day moving average is $3.34. Coeur Mining has a 1-year low of $2.54 and a 1-year high of $6.68.
Institutional inflows and outflows
Several large investors have recently changed their holdings of CDE. DRW Securities LLC purchased a new position in Coeur Mining stock valued at $32,000 during the second quarter. Nisa Investment Advisors LLC increased its stake in Coeur Mining by 334.6% during the third quarter. Nisa Investment Advisors LLC now owns 9,257 shares of the $35,000 materials company, having purchased an additional 7,127 shares during the period. Verition Fund Management LLC acquired a new $36,000 interest in Coeur Mining during the third quarter. Greenleaf Trust acquired a new $38,000 interest in Coeur Mining during the third quarter. Finally, Bluefin Capital Management LLC acquired a new $40,000 interest in Coeur Mining during the third quarter. Institutional investors and hedge funds own 63.13% of the company’s shares.
About Heart Mining
Coeur Mining, Inc prospects for precious metals in the United States, Canada and Mexico. The Company primarily explores for gold, silver, zinc and lead properties. It owns 100% interest in the Palmarejo gold and silver mine covering approximately 67,296 net acres in the state of Chihuahua, northern Mexico; the Rochester Silver and Gold Mine, covering approximately 43,441 acres in northwestern Nevada; the Kensington Gold Mine of 3,972 net acres north of Juneau, Alaska; the Wharf gold mine covering approximately 3,243 acres in the northern Black Hills of western South Dakota; and the 97,298 acre Silvertip silver-zinc-lead mine in northern British Columbia, Canada.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider coeur mining, here’s what you should hear.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Coeur Mining wasn’t on the list.
While Coeur Mining is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here