Coeur Mining Inc. (CDE) Trading Down 7.3%
Coeur Mining Inc. (NYSE:CDE) shares traded down 7.3% during trading on Wednesday . The company traded as low as $13.47 and last traded at $13.54, with a volume of 4,579,200 shares trading hands. The stock had previously closed at $14.60.
A number of research analysts recently commented on the company. Deutsche Bank AG reissued a “sell” rating on shares of Coeur Mining in a report on Wednesday, July 20th. Royal Bank Of Canada raised Coeur Mining from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 14th. Barclays PLC increased their price target on Coeur Mining and gave the company an “outperform” rating in a report on Monday, June 27th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a report on Monday, June 27th. Finally, Raymond James Financial Inc. raised 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 issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $5.88.
The firm has a 50 day moving average price of $14.29 and a 200 day moving average price of $8.62. The company’s market cap is $2.10 billion.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The business earned $182 million during the quarter, compared to analyst estimates of $173.92 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining Inc. will post $0.21 earnings per share for the current fiscal year.
In other news, SVP Hans John Rasmussen sold 3,477 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $15.00, for a total value of $52,155.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director J Kenneth Thompson sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $15.52, for a total value of $116,400.00. Following the completion of the transaction, the director now directly owns 85,788 shares in the company, valued at $1,331,429.76. 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 stake in Coeur Mining Inc. (NYSE:CDE) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,068,000 shares of the company’s stock after buying an additional 110,500 shares during the period. Royce & Associates LLC owned about 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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