Coeur Mining (NYSE:CDE) Given “Buy” Rating at Noble Financial

Noble Financial reissued their buy rating on shares of Coeur Mining (NYSE:CDE) in a report issued on Monday, AnalystRatings.com reports. Noble Financial currently has a $5.00 price target on the basic materials company’s stock.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets upgraded shares of TMAC Resources from a market perform rating to an outperform rating in a research report on Thursday, May 2nd. ValuEngine downgraded shares of TheStreet from a buy rating to a hold rating in a research report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a research report on Monday, July 8th. Finally, Raymond James reiterated a buy rating on shares of Intercept Pharmaceuticals in a research report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Coeur Mining presently has an average rating of Buy and a consensus price target of $5.00.

NYSE:CDE opened at $5.05 on Monday. The stock’s 50 day simple moving average is $3.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.63 and a current ratio of 1.36. Coeur Mining has a one year low of $2.78 and a one year high of $8.20.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Coeur Mining had a negative return on equity of 3.11% and a negative net margin of 11.15%. The business had revenue of $154.90 million for the quarter, compared to analyst estimates of $156.37 million. The company’s revenue was down 5.1% on a year-over-year basis. On average, analysts expect that Coeur Mining will post -0.29 earnings per share for the current fiscal year.

In other news, Director J Kenneth Thompson purchased 15,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $2.93 per share, for a total transaction of $43,950.00. Following the acquisition, the director now owns 150,645 shares in the company, valued at $441,389.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas S. Whelan purchased 25,000 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $2.84 per share, with a total value of $71,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 41,750 shares of company stock valued at $120,200. Company insiders own 1.88% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Toroso Investments LLC bought a new position in Coeur Mining during the 4th quarter worth approximately $826,000. CoreCommodity Management LLC increased its stake in shares of Coeur Mining by 126.5% in the 4th quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 7,783 shares in the last quarter. ETF Managers Group LLC increased its stake in shares of Coeur Mining by 17.0% in the 1st quarter. ETF Managers Group LLC now owns 500,107 shares of the basic materials company’s stock valued at $2,040,000 after acquiring an additional 72,694 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Coeur Mining by 115.1% in the 4th quarter. First Trust Advisors LP now owns 301,025 shares of the basic materials company’s stock valued at $1,346,000 after acquiring an additional 161,082 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Coeur Mining in the 4th quarter valued at $233,000. Hedge funds and other institutional investors own 65.90% of the company’s stock.

About Coeur Mining

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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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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