Coeur Mining's (CDE) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• Coeur Mining saw its "hold (C+)" rating reaffirmed by Weiss Ratings, highlighting an ongoing cautious outlook on the stock.
• Despite the hold rating, recent upgrades from other analysts have positioned Coeur Mining with a range of ratings including three "Strong Buy" and five "Buy" designations, as well as a price target increase by BMO Capital Markets.
• The company reported earnings per share of $0.20 surpassing expectations, coupled with a significant revenue increase of 116.5% year-over-year, indicating a strong financial performance.

Coeur Mining (NYSE:CDE - Get Free Report)'s stock had its "hold (c+)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the company. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Zacks Research upgraded Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. BMO Capital Markets lifted their price target on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Roth Capital set a $20.00 price target on Coeur Mining and gave the company a "buy" rating in a research note on Friday, October 3rd. Finally, National Bankshares set a $12.00 price target on Coeur Mining in a research note on Friday, June 13th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $11.29.

Coeur Mining Stock Up 11.7%

Shares of Coeur Mining stock traded up $2.20 during trading on Wednesday, reaching $21.02. The company's stock had a trading volume of 19,204,003 shares, compared to its average volume of 16,596,269. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 56.81 and a beta of 1.23. Coeur Mining has a 1-year low of $4.58 and a 1-year high of $21.04. The company has a 50-day simple moving average of $14.38 and a two-hundred day simple moving average of $9.95.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The firm had revenue of $480.65 million during the quarter, compared to analysts' expectations of $438.40 million. During the same quarter last year, the firm earned ($0.01) EPS. The business's quarterly revenue was up 116.5% on a year-over-year basis. As a group, equities analysts forecast that Coeur Mining will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Coeur Mining

In related news, Director Pierre Beaudoin sold 48,362 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.57, for a total value of $559,548.34. Following the transaction, the director directly owned 140,000 shares in the company, valued at approximately $1,619,800. This represents a 25.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Aoife Mcgrath sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the completion of the transaction, the senior vice president owned 203,318 shares in the company, valued at $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 1,435 shares during the last quarter. MAI Capital Management acquired a new position in Coeur Mining in the first quarter valued at approximately $25,000. Luminist Capital LLC acquired a new position in Coeur Mining in the second quarter valued at approximately $40,000. Summer Road LLC acquired a new position in Coeur Mining in the first quarter valued at approximately $28,000. Finally, PNC Financial Services Group Inc. raised its position in Coeur Mining by 180.0% in the second quarter. PNC Financial Services Group Inc. now owns 7,894 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 5,075 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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.

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