An issue of Coeur Mining Inc (NYSE:CDE) debt fell 2.1% as a percentage of its face value during trading on Monday. The debt issue has a 5.875% coupon and will mature on June 1, 2024. The debt is now trading at $96.38. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

Several equities analysts have weighed in on the stock. Noble Financial upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Friday, July 27th. Roth Capital upgraded shares of Coeur Mining from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a report on Tuesday, July 10th. Canaccord Genuity restated a “buy” rating and set a $10.75 target price on shares of Coeur Mining in a report on Friday, July 13th. BMO Capital Markets raised their target price on shares of Coeur Mining from $10.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Finally, ValuEngine upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, July 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $9.71.

NYSE:CDE traded up $0.17 during mid-day trading on Monday, hitting $5.64. 2,848,400 shares of the company’s stock traded hands, compared to its average volume of 2,982,497. The company has a current ratio of 2.23, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. Coeur Mining Inc has a 1 year low of $5.18 and a 1 year high of $9.87. The company has a market capitalization of $1.06 billion, a P/E ratio of 282.00 and a beta of 0.55.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Coeur Mining had a negative net margin of 0.67% and a negative return on equity of 0.32%. The firm had revenue of $170.00 million during the quarter, compared to the consensus estimate of $174.67 million. During the same period last year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts predict that Coeur Mining Inc will post -0.03 earnings per share for the current year.

In other Coeur Mining news, insider Mitchell J. Krebs bought 10,000 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was purchased at an average cost of $6.61 per share, for a total transaction of $66,100.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Peter C. Mitchell sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $7.03, for a total transaction of $140,600.00. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its holdings in shares of Coeur Mining by 37.1% during the first quarter. Xact Kapitalforvaltning AB now owns 30,329 shares of the basic materials company’s stock worth $243,000 after buying an additional 8,200 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Coeur Mining by 0.4% during the first quarter. Northern Trust Corp now owns 2,466,725 shares of the basic materials company’s stock worth $19,734,000 after buying an additional 10,658 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Coeur Mining by 25.6% during the first quarter. SG Americas Securities LLC now owns 54,453 shares of the basic materials company’s stock worth $436,000 after buying an additional 11,082 shares in the last quarter. Stevens Capital Management LP grew its holdings in shares of Coeur Mining by 60.9% during the second quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock worth $230,000 after buying an additional 11,430 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Coeur Mining by 3.9% during the second quarter. Swiss National Bank now owns 329,000 shares of the basic materials company’s stock worth $2,500,000 after buying an additional 12,300 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

Coeur Mining Company Profile (NYSE:CDE)

Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.

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