Coeur Mining (NYSE:CDE) Shares Down 6.2%

Coeur Mining Inc (NYSE:CDE) fell 6.2% during mid-day trading on Friday . The stock traded as low as $6.73 and last traded at $6.79, 6,248,272 shares traded hands during trading. An increase of 25% from the average session volume of 4,993,114 shares. The stock had previously closed at $7.24.

A number of research firms have commented on CDE. ValuEngine downgraded shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Zacks Investment Research lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Raymond James set a $6.25 target price on Coeur Mining and gave the stock a “market perform” rating in a report on Wednesday, November 6th. Finally, B. Riley upped their price target on Coeur Mining from $7.50 to $7.80 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Coeur Mining currently has an average rating of “Hold” and an average target price of $5.90.

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.54 and a current ratio of 1.15. The business has a 50 day simple moving average of $5.98 and a 200-day simple moving average of $4.87. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -679.00 and a beta of 0.84.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. Coeur Mining had a negative net margin of 10.57% and a negative return on equity of 4.07%. The firm had revenue of $199.47 million for the quarter, compared to analysts’ expectations of $199.41 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The company’s revenue was up 34.1% compared to the same quarter last year. Equities analysts predict that Coeur Mining Inc will post -0.22 earnings per share for the current fiscal year.

In other Coeur Mining news, SVP Casey M. Nault sold 20,000 shares of Coeur Mining stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $7.00, for a total transaction of $140,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.88% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. grew its stake in shares of Coeur Mining by 32.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 668,739 shares of the basic materials company’s stock valued at $2,728,000 after buying an additional 162,639 shares during the period. SG Americas Securities LLC grew its position in Coeur Mining by 26.6% in the second quarter. SG Americas Securities LLC now owns 161,293 shares of the basic materials company’s stock worth $700,000 after acquiring an additional 33,854 shares during the period. First Trust Advisors LP increased its stake in Coeur Mining by 38.6% during the second quarter. First Trust Advisors LP now owns 236,103 shares of the basic materials company’s stock worth $1,025,000 after acquiring an additional 65,788 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Coeur Mining by 18.3% during the second quarter. BNP Paribas Arbitrage SA now owns 470,357 shares of the basic materials company’s stock worth $2,041,000 after acquiring an additional 72,652 shares during the last quarter. Finally, Aperio Group LLC raised its position in Coeur Mining by 53.9% in the second quarter. Aperio Group LLC now owns 206,862 shares of the basic materials company’s stock valued at $898,000 after purchasing an additional 72,406 shares during the period. Institutional investors own 64.03% of the company’s stock.

Coeur Mining Company Profile (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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