Coeur Mining Inc. (CDE) Reaches New 1-Year High at $16.03
Coeur Mining Inc. (NYSE:CDE) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.03 and last traded at $15.62, with a volume of 3,330,287 shares. The stock had previously closed at $15.64.
Several research analysts have recently commented on the company. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a report on Wednesday, July 20th. Royal Bank Of Canada upgraded Coeur Mining from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 14th. Barclays PLC lifted their price target on Coeur Mining and gave the stock an “outperform” rating in a report on Monday, June 27th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Monday, June 27th. Finally, Raymond James Financial Inc. upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Coeur Mining currently has an average rating of “Buy” and a consensus price target of $5.88.
The firm’s market cap is $2.55 billion. The stock has a 50 day moving average price of $11.77 and a 200 day moving average price of $7.10.
Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The firm earned $182 million during the quarter, compared to analyst estimates of $173.92 million. During the same period last year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Coeur Mining Inc. will post $0.16 EPS for the current fiscal year.
In related news, SVP Hans John Rasmussen sold 3,477 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $52,155.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Several hedge funds recently bought and sold shares of the stock. Royce & Associates LLC raised its stake in Coeur Mining by 11.5% in the fourth quarter. Royce & Associates LLC now owns 1,068,000 shares of the company’s stock worth $2,649,000 after buying an additional 110,500 shares during the last quarter. California Public Employees Retirement System raised its stake in Coeur Mining by 9.4% in the fourth quarter. California Public Employees Retirement System now owns 840,600 shares of the company’s stock worth $2,085,000 after buying an additional 72,000 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Coeur Mining by 71,528.3% in the fourth quarter. Sei Investments Co. now owns 506,412 shares of the company’s stock worth $1,256,000 after buying an additional 505,705 shares during the last quarter.
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also 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.
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