Coeur Mining (NYSE:CDE) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Coeur Mining from “hold” to “sell.” Analyst views overall remain more favorable, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $25.28.
• Coeur Mining’s latest quarterly results missed expectations: earnings were $0.10 per share versus a $0.14 estimate, and revenue was $983.62 million versus a $1.14 billion estimate. Revenue was nevertheless up 77.4% year over year.
• Shares opened at $13.99, closer to the stock’s 52-week low of $12.71 than its high of $27.77. Insiders also sold 51,000 shares worth about $1.06 million over the past quarter.

Coeur Mining (NYSE:CDE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

CDE has been the subject of a number of other reports. New Street Research set a $23.50 price objective on Coeur Mining in a report on Monday. Zacks Research cut Coeur Mining from a "hold" rating to a "strong sell" rating in a research note on Monday, November 9th. Weiss Ratings downgraded shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, October 27th. Needham & Company LLC set a $23.50 price target on shares of Coeur Mining in a report on Monday. Finally, Scotiabank reduced their price objective on shares of Coeur Mining from $26.50 to $23.50 and set a "sector outperform" rating for the company in a research report on Monday, November 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $25.28.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $13.99 on Friday. The business has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $18.51. Coeur Mining has a one year low of $12.71 and a one year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.79 and a quick ratio of 2.60. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 15.38 and a beta of 1.46.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). The firm had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. Coeur Mining had a net margin of 19.25% and a return on equity of 8.12%. The company's revenue was up 77.4% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. On average, research analysts anticipate that Coeur Mining will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Coeur Mining

In related news, Director J. Kenneth Thompson sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the sale, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Casey Nault sold 10,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the transaction, the executive vice president owned 540,086 shares of the company's stock, valued at $10,801,720. This represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 51,000 shares of company stock worth $1,055,070. Insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of CDE. ZEGA Investments LLC increased its position in Coeur Mining by 4.8% during the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company's stock worth $173,000 after buying an additional 481 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Coeur Mining by 0.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company's stock valued at $4,085,000 after buying an additional 701 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Coeur Mining by 5.3% during the third quarter. Thoroughbred Financial Services LLC now owns 16,180 shares of the basic materials company's stock valued at $284,000 after buying an additional 814 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Coeur Mining by 7.5% during the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company's stock valued at $222,000 after buying an additional 820 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company's stock valued at $26,000 after buying an additional 820 shares during the period. Institutional investors own 63.01% of the company's stock.

Coeur Mining Company Profile

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company's president and chief executive officer.

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