Coeur Mining (NYSE:CDE) announced its quarterly 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), Bloomberg Earnings reports. Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. The firm had revenue of $154.90 million for the quarter, compared to analysts’ expectations of $156.37 million. The business’s quarterly revenue was down 5.1% compared to the same quarter last year.
Shares of Coeur Mining stock remained flat at $$2.87 on Friday. The stock had a trading volume of 3,185,800 shares, compared to its average volume of 3,004,094. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 0.63. The stock has a market capitalization of $588.63 million, a PE ratio of -287.00 and a beta of 0.35. Coeur Mining has a 1-year low of $2.83 and a 1-year high of $8.55.
In other Coeur Mining news, SVP Hans John Rasmussen sold 7,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total transaction of $35,850.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J Kenneth Thompson acquired 15,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $2.93 per share, for a total transaction of $43,950.00. Following the purchase, the director now directly owns 150,645 shares of the company’s stock, valued at approximately $441,389.85. The disclosure for this purchase can be found here. Insiders bought 17,750 shares of company stock worth $54,100 over the last ninety days. Corporate insiders own 1.88% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of Coeur Mining by 11.5% in the 4th quarter. Amalgamated Bank now owns 25,373 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 2,627 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Coeur Mining by 16.7% in the 1st quarter. Hsbc Holdings PLC now owns 22,395 shares of the basic materials company’s stock valued at $92,000 after buying an additional 3,198 shares during the period. Legal & General Group Plc raised its holdings in shares of Coeur Mining by 5.9% in the 4th quarter. Legal & General Group Plc now owns 69,486 shares of the basic materials company’s stock valued at $310,000 after buying an additional 3,880 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Coeur Mining by 8.8% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 54,016 shares of the basic materials company’s stock valued at $220,000 after buying an additional 4,361 shares during the period. Finally, CWM Advisors LLC raised its holdings in shares of Coeur Mining by 25.8% in the 4th quarter. CWM Advisors LLC now owns 24,818 shares of the basic materials company’s stock valued at $111,000 after buying an additional 5,083 shares during the period. 65.35% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on CDE. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Raymond James lowered their price target on Coeur Mining from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. BMO Capital Markets set a $4.00 price target on Coeur Mining and gave the stock a “hold” rating in a report on Thursday, May 2nd. ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Finally, Noble Financial restated a “buy” rating and issued a $4.00 price objective on shares of Coeur Mining in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Coeur Mining presently has a consensus rating of “Hold” and a consensus target price of $6.67.
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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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