Coeur Mining Inc. (CDE) Reaches New 52-Week High at $16.25
Coeur Mining Inc. (NYSE:CDE)’s share price reached a new 52-week high on Tuesday . The company traded as high as $16.25 and last traded at $16.08, with a volume of 3,244,203 shares traded. The stock had previously closed at $15.68.
A number of research firms have recently weighed in on CDE. Zacks Investment Research cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Royal Bank Of Canada began coverage on shares of Coeur Mining in a research note on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 price target on the stock. Raymond James Financial Inc. raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Coeur Mining in a research note on Thursday, July 7th. Finally, Barclays PLC upped their price target on shares of Coeur Mining and gave the stock an “outperform” rating in a research note on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Coeur Mining currently has an average rating of “Buy” and an average price target of $5.88.
The stock has a 50 day moving average of $13.08 and a 200-day moving average of $7.72. The stock’s market cap is $2.59 billion.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. During the same period in the prior year, the business posted ($0.11) EPS. The company earned $182 million during the quarter, compared to analysts’ expectations of $173.92 million. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that Coeur Mining Inc. will post $0.21 earnings per share for the current fiscal year.
In related news, VP Mark Spurbeck sold 4,565 shares of Coeur Mining stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $15.75, for a total value of $71,898.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Hans John Rasmussen sold 3,477 shares of Coeur Mining stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $15.00, for a total value of $52,155.00. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Coeur Mining stock. Royce & Associates LLC increased its position in Coeur Mining Inc. (NYSE:CDE) by 11.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,068,000 shares of the company’s stock after buying an additional 110,500 shares during the period. Royce & Associates LLC owned 0.78% of Coeur Mining worth $2,649,000 as of its most recent filing with the SEC.
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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