Coeur Mining (NYSE:CDE) Stock Price Down 5.6% (2024)

Coeur Mining, Inc. (NYSE:CDE – Get Free Report) shares were down 5.6% during trading on Friday . The stock traded as low as $5.51 and last traded at $5.58. Approximately 838,448 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 7,467,641 shares. The stock had previously closed at $5.91.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Roth Capital restated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Raymond James raised their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. Finally, Roth Mkm began coverage on Coeur Mining in a report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $4.36.

Get Our Latest Research Report on Coeur Mining

Coeur Mining Stock Performance

The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -17.29 and a beta of 1.76. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $5.05 and a 200 day moving average of $3.71.

Coeur Mining (NYSE:CDE – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. During the same quarter in the prior year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the sale, the chief accounting officer now directly owns 140,719 shares of the company’s stock, valued at $683,894.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Kenneth J. Watkinson sold 44,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,719 shares in the company, valued at $683,894.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sebastian Edwards sold 20,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total value of $101,600.00. Following the completion of the transaction, the director now owns 103,100 shares of the company’s stock, valued at $523,748. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently made changes to their positions in CDE. Atria Wealth Solutions Inc. acquired a new position in shares of Coeur Mining in the 4th quarter valued at about $33,000. Rathbones Group PLC bought a new position in shares of Coeur Mining during the 3rd quarter worth approximately $35,000. Forum Financial Management LP bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $40,000. Ballentine Partners LLC acquired a new stake in shares of Coeur Mining during the 1st quarter worth approximately $46,000. Finally, StoneX Group Inc. bought a new stake in shares of Coeur Mining in the 1st quarter valued at $49,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Company Profile

(Get Free Report)

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.

Featured Articles

• Five stocks we like better than Coeur Mining
• Ride Out The Recession With These Dividend Kings
• MarketBeat Week in Review – 6/3 – 6/7
• TSX Venture Exchange (Formerly Canadian Venture Exchange)
• Geron Corporation: FDA Approval Fuels Stock Price Surge
• Biggest Stock Losers – Today’s Biggest Percentage Decliners
• Intel’s Secret Plan for a Double-Digit Stock Rally Revealed

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.