Coeur Mining Inc. (CDE) Stock Price Up 5%
Coeur Mining Inc. (NYSE:CDE)’s share price rose 5% on Thursday . The company traded as high as $13.74 and last traded at $13.57, with a volume of 3,667,093 shares. The stock had previously closed at $12.92.
CDE has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Deutsche Bank AG restated a “sell” rating on shares of Coeur Mining in a research note on Wednesday, July 20th. Barclays PLC boosted their target price on Coeur Mining and gave the stock an “outperform” rating in a research note on Monday, June 27th. Finally, Royal Bank Of Canada initiated coverage on Coeur Mining in a research note on Tuesday, June 21st. They issued a “sector perform” rating and a $9.00 target price on the stock. Two equities 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. Coeur Mining has a consensus rating of “Buy” and a consensus target price of $5.88.
The firm’s market cap is $2.22 billion. The stock’s 50 day moving average price is $14.42 and its 200 day moving average price is $8.76.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. The business had revenue of $182 million for the quarter, compared to the consensus estimate of $173.92 million. Coeur Mining’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) EPS. Equities analysts forecast that Coeur Mining Inc. will post $0.21 earnings per share for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 16,157 shares of the firm’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 completion of the transaction, the chief financial officer now owns 270,260 shares of the company’s stock, valued at $4,291,728.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hans John Rasmussen sold 3,477 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $52,155.00. 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. raised its stake in Coeur Mining Inc. (NYSE:CDE) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 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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