Coeur Mining (CDE) Reaches New 1-Year Low at $4.10

Coeur Mining Inc (NYSE:CDE) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.10 and last traded at $4.27, with a volume of 131295 shares. The stock had previously closed at $4.33.

CDE has been the topic of several recent research reports. ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Noble Financial upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Friday, July 27th. Raymond James cut their price target on Coeur Mining from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Friday, August 3rd. BMO Capital Markets cut their price target on Coeur Mining from $10.50 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, October 10th. Finally, TheStreet lowered Coeur Mining from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $8.96.

The company has a quick ratio of 1.00, a current ratio of 1.96 and a debt-to-equity ratio of 0.53. The firm has a market cap of $927.93 million, a price-to-earnings ratio of 205.75 and a beta of 0.74.

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 Zacks’ consensus estimate of ($0.09) by ($0.02). Coeur Mining had a negative net margin of 5.92% and a negative return on equity of 0.47%. The company had revenue of $148.80 million during the quarter, compared to the consensus estimate of $151.15 million. During the same quarter in the prior year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, equities analysts forecast that Coeur Mining Inc will post -0.13 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Coeur Mining by 17,466.2% in the third quarter. Tower Research Capital LLC TRC now owns 25,471 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 25,326 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Coeur Mining in the third quarter valued at approximately $160,000. Stevens Capital Management LP lifted its holdings in shares of Coeur Mining by 60.9% in the second quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 11,430 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Coeur Mining by 37.1% in the first quarter. Xact Kapitalforvaltning AB now owns 30,329 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 8,200 shares in the last quarter. Finally, Tibra Equities Europe Ltd bought a new position in shares of Coeur Mining in the second quarter valued at approximately $337,000. Institutional investors own 61.86% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Coeur Mining (CDE) Reaches New 1-Year Low at $4.10” was originally published by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/11/13/coeur-mining-cde-reaches-new-1-year-low-at-4-10.html.

Coeur Mining Company Profile (NYSE:CDE)

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.

Featured Story: S&P 500 Index

Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply