Coeur Mining (NYSE:CDE) Shares Down 6.2%

Coeur Mining Inc (NYSE:CDE)’s stock price traded down 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 changed 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 analysts have commented on the company. Zacks Investment Research lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Noble Financial set a $6.00 target price on Coeur Mining and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine lowered Coeur Mining from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. Raymond James set a $6.25 price target on Coeur Mining and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Finally, B. Riley raised their price target on Coeur Mining from $7.50 to $7.80 and gave the company a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Coeur Mining currently has a consensus rating of “Hold” and a consensus target price of $5.90.

The business’s fifty day simple moving average is $5.98 and its 200 day simple moving average is $4.87. The company has a current ratio of 1.15, a quick ratio of 0.54 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -679.00 and a beta of 0.84.

Coeur Mining (NYSE:CDE) last issued its earnings results on Monday, November 4th. The basic materials company reported ($0.02) EPS 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 company had revenue of $199.47 million during 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 business’s revenue for the quarter was up 34.1% compared to the same quarter last year. As a group, research analysts anticipate that Coeur Mining Inc will post -0.22 earnings per share for the current year.

In related news, SVP Casey M. Nault sold 20,000 shares of Coeur Mining stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $7.00, for a total transaction of $140,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.88% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in shares of Coeur Mining in the 2nd quarter valued at about $28,000. CWM LLC bought a new position in Coeur Mining during the 3rd quarter worth approximately $68,000. HighTower Advisors LLC bought a new position in Coeur Mining during the 2nd quarter worth approximately $88,000. Stifel Financial Corp acquired a new position in Coeur Mining during the third quarter valued at approximately $90,000. Finally, Assenagon Asset Management S.A. acquired a new position in Coeur Mining during the third quarter valued at approximately $95,000. 64.03% of the stock is currently owned by hedge funds and other institutional investors.

About Coeur Mining (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.

Recommended Story: What does a bar chart display?

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.