Stock of The Day: What’s Coeur Mining Inc Downside After Today’s Big Decline?

Stock of The Day: What's Coeur Mining Inc Downside After Today's Big Decline?

The stock of Coeur Mining Inc (NYSE:CDE) is a huge mover today! The stock decreased 8.59% or $0.89 on November 23, hitting $9.47. Coeur Mining Inc (NYSE:CDE) has risen 37.45% since April 22, 2016 and is uptrending. It has outperformed by 32.04% the S&P500.
The move comes after 7 months negative chart setup for the $1.48 billion company. It was reported on Nov, 24 by Barchart.com. We have $8.62 PT which if reached, will make NYSE:CDE worth $133.20 million less.

Analysts await Coeur Mining Inc (NYSE:CDE) to report earnings on February, 8. They expect $0.11 earnings per share, up 139.29% or $0.39 from last year’s $-0.28 per share. CDE’s profit will be $17.19M for 21.52 P/E if the $0.11 EPS becomes a reality. After $0.21 actual earnings per share reported by Coeur Mining Inc for the previous quarter, Wall Street now forecasts -47.62% negative EPS growth.

Coeur Mining Inc (NYSE:CDE) Ratings Coverage

Out of 7 analysts covering Coeur Mining (NYSE:CDE), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $18 is the highest target while $3.40 is the lowest. The $6.83 average target is -27.88% below today’s ($9.47) stock price. Coeur Mining has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Monday, October 3. The firm earned “Buy” rating on Tuesday, October 13 by TH Capital. The stock of Coeur Mining Inc (NYSE:CDE) has “Outperform” rating given on Thursday, May 12 by BMO Capital Markets. IBC upgraded the stock to “” rating in Tuesday, August 30 report. Deutsche Bank maintained the stock with “Hold” rating in Monday, October 5 report. Roth Capital maintained it with “Buy” rating and $6.50 target price in Tuesday, October 13 report. The firm earned “Outperform” rating on Monday, June 27 by Raymond James. RBC Capital Markets upgraded the shares of CDE in a report on Thursday, July 14 to “Outperform” rating. BMO Capital Markets upgraded it to “Market Perform” rating and $3.50 target price in Friday, February 12 report. The firm earned “Sell” rating on Wednesday, March 23 by Deutsche Bank.

According to Zacks Investment Research, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois.”

Insitutional Activity: The institutional sentiment decreased to 1.67 in Q2 2016. Its down 0.37, from 2.04 in 2016Q1. The ratio turned negative, as 14 funds sold all Coeur Mining Inc shares owned while 36 reduced positions. 37 funds bought stakes while 65 increased positions. They now own 111.63 million shares or 25.38% more from 89.04 million shares in 2016Q1.
Deutsche Comml Bank Ag holds 0.02% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 2.26M shares. Tiaa Cref Invest Mngmt Ltd holds 1.31M shares or 0.01% of its portfolio. Qs Investors Limited Company accumulated 0.02% or 208,649 shares. Blackrock Institutional Trust Na has invested 0.01% of its portfolio in Coeur Mining Inc (NYSE:CDE). Amer Century last reported 0.01% of its portfolio in the stock. Aperio Gru Ltd Co holds 39,746 shares or 0% of its portfolio. Moreover, Bb&T Corporation has 0% invested in Coeur Mining Inc (NYSE:CDE) for 10,900 shares. The New York-based Clinton Gru Incorporated has invested 0.03% in Coeur Mining Inc (NYSE:CDE). Walleye Trading Ltd Liability last reported 0% of its portfolio in the stock. Old Mutual Global Invsts (Uk) Limited last reported 0.03% of its portfolio in the stock. Thompson Davis & has 0% invested in the company for 10 shares. California State Teachers Retirement Systems accumulated 0.01% or 320,930 shares. Aqr Mngmt Ltd owns 100,779 shares or 0% of their US portfolio. Blackrock Group Ltd holds 0% or 172,012 shares in its portfolio. Fuller And Thaler Asset Mngmt owns 639,300 shares or 0.12% of their US portfolio.

Insider Transactions: Since July 29, 2016, the stock had 2 buys, and 8 sales for $805,519 net activity. MELLOR ROBERT E bought $15,473 worth of stock or 1,000 shares. $110,400 worth of Coeur Mining Inc (NYSE:CDE) shares were sold by Mitchell Peter C.. On Friday, July 29 the insider Rasmussen Hans John sold $52,155. The insider THOMPSON J KENNETH sold 7,500 shares worth $116,423. $71,899 worth of Coeur Mining Inc (NYSE:CDE) shares were sold by Spurbeck Mark.

More news for Coeur Mining Inc (NYSE:CDE) were recently published by: Fool.com, which released: “Coeur Mining Inc. Takes Another Step Toward a Debt-Free Future” on November 22, 2016. Fool.com‘s article titled: “3 Impressive Numbers From Coeur Mining Inc’s Third-Quarter Report” and published on October 27, 2016 is yet another important article.

CDE Company Profile

Coeur Mining, Inc., incorporated on May 15, 2013, is a gold and silver producer. The Company’s divisions include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Firm also has a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. In addition, the Company has two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. The Firm also conducts exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. The Firm owns strategic investment positions in several silver and gold development companies with projects in North and South America.

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