Coeur Mining, Inc. (NYSE:CDE – Get Rating) shares saw unusually-strong trading volume on Monday . Approximately 194,781 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 5,668,244 shares.The stock last traded at $3.06 and had previously closed at $2.85.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CDE shares. Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating and reduced their price target for the stock from $3.75 to $3.50 in a report on Friday, August 5th. Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating and reduced their price target for the stock from $3.75 to $3.50 in a report on Friday, August 5th. Raymond James upped their price target on Coeur Mining from $5.00 to $5.25 and gave the stock a “market perform” rating in a report on Tuesday. BMO Capital Markets reduced their price target on Coeur Mining from $4.75 to $3.75 and set a “market perform” rating for the company in a report on Thursday, August 4th. Finally, Noble Financial cut Coeur Mining from an “outperform” rating to a “market perform” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.25.
Coeur Mining Stock Down 7.2 %
The business has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $3.64. The firm has a market cap of $873.31 million, a price-to-earnings ratio of -6.24 and a beta of 1.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 0.95.
Institutional Investors Weigh In On Coeur Mining
About Coeur Mining
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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.
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