Coeur Mining Inc. (CDE) Trading Down 3.5%
Coeur Mining Inc. (NYSE:CDE) was down 3.5% on Wednesday . The company traded as low as $14.69 and last traded at $15.03, with a volume of 3,215,842 shares. The stock had previously closed at $15.58.
A number of equities research analysts recently weighed in on CDE shares. Royal Bank Of Canada raised Coeur Mining from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 14th. Deutsche Bank AG reissued a “sell” rating on shares of Coeur Mining in a research report on Thursday, July 7th. Raymond James Financial Inc. raised Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Zacks Investment Research raised Coeur Mining from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Thursday, June 9th. Finally, Barclays PLC lifted their target price on Coeur Mining and gave the stock an “outperform” rating in a research report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.88.
The stock’s market capitalization is $2.47 billion. The stock’s 50-day moving average price is $14.06 and its 200-day moving average price is $8.26.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. The firm earned $182 million during the quarter, compared to the consensus estimate of $173.92 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Coeur Mining Inc. will post $0.21 EPS for the current fiscal year.
In other Coeur Mining news, SVP Hans John Rasmussen sold 3,477 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $15.00, for a total value of $52,155.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Peter C. Mitchell sold 16,157 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $15.88, for a total transaction of $256,573.16. Following the completion of the transaction, the chief financial officer now directly owns 270,260 shares in the company, valued at $4,291,728.80. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Coeur Mining stock. Royce & Associates LLC increased its stake in shares of Coeur Mining Inc. (NYSE:CDE) by 11.5% during the fourth quarter, according to its most recent 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 approximately 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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