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.
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.
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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.
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