Coeur Mining Inc. (CDE) Sees Unusually-High Trading Volume
Shares of Coeur Mining Inc. (NYSE:CDE) saw unusually-high trading volume on Friday . Approximately 7,032,797 shares changed hands during trading, an increase of 31% from the previous session’s volume of 5,379,223 shares.The stock last traded at $13.95 and had previously closed at $13.34.
Several research firms have weighed in on CDE. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a research report on Wednesday, July 20th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Monday, June 27th. BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Zacks Investment Research upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Thursday, June 9th. Finally, Barclays PLC increased their price target on shares of 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 issued a hold rating and seven have assigned a buy rating to the stock. Coeur Mining currently has an average rating of “Buy” and a consensus price target of $5.88.
The company’s market capitalization is $2.22 billion. The firm’s 50-day moving average is $14.37 and its 200-day moving average is $8.69.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $182 million for the quarter, compared to analysts’ expectations of $173.92 million. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS. Equities analysts predict that Coeur Mining Inc. will post $0.21 EPS for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 16,157 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $15.88, for a total transaction of $256,573.16. Following the sale, the chief financial officer now owns 270,260 shares of the company’s stock, valued at approximately $4,291,728.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Hans John Rasmussen sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $16.15, for a total transaction of $40,375.00. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Coeur Mining stock. Schwab Charles Investment Management Inc. increased its stake in Coeur Mining Inc. (NYSE:CDE) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 838,782 shares of the company’s stock after buying an additional 35,565 shares during the period. Schwab Charles Investment Management Inc. owned about 0.61% of Coeur Mining worth $2,081,000 at the end of the most recent 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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