Coeur Mining Inc. (CDE) Stock Price Down 7.3%
Coeur Mining Inc. (NYSE:CDE) fell 7.3% during mid-day trading on Wednesday . The stock traded as low as $13.47 and last traded at $13.54, with a volume of 4,579,200 shares. The stock had previously closed at $14.60.
CDE has been the topic of several research analyst reports. Zacks Investment Research cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Royal Bank Of Canada initiated coverage on shares of Coeur Mining in a research report on Tuesday, June 21st. They issued a “sector perform” rating and a $9.00 target price on the stock. Raymond James Financial Inc. raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Deutsche Bank AG reissued a “sell” rating on shares of Coeur Mining in a research report on Thursday, July 7th. Finally, Barclays PLC raised their target price 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 given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $5.88.
The firm’s market cap is $2.17 billion. The company’s 50-day moving average is $14.37 and its 200-day moving average is $8.69.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. During the same quarter in the previous year, the firm posted ($0.11) EPS. The company had revenue of $182 million for the quarter, compared to analyst estimates of $173.92 million. Coeur Mining’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts expect 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 business’s stock in a transaction dated 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 filing with the SEC, which is available at this hyperlink. Also, CFO Peter C. Mitchell sold 16,157 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $15.88, for a total value of $256,573.16. Following the sale, the chief financial officer now owns 270,260 shares in the company, valued at approximately $4,291,728.80. 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 13F 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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