Coeur Mining Inc. (CDE) Shares Down 2.2%
Coeur Mining Inc. (NYSE:CDE)’s share price dropped 2.2% during trading on Tuesday . The stock traded as low as $13.50 and last traded at $13.52, with a volume of 4,411,386 shares traded. The stock had previously closed at $13.83.
CDE has been the topic of several research analyst reports. Royal Bank Of Canada raised shares of Coeur Mining from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 14th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Coeur Mining in a research report on Thursday, July 7th. 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. CIBC upgraded shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Coeur Mining has an average rating of “Buy” and a consensus price target of $5.88.
The stock’s market cap is $2.07 billion. The company’s 50 day moving average is $14.45 and its 200 day moving average is $9.00.
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 firm earned $182 million during the quarter, compared to the consensus estimate of $173.92 million. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) EPS. Equities research 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 firm’s stock in a transaction on 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 document filed with the SEC, which can be accessed through this link. Also, Director J Kenneth Thompson sold 7,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $15.52, for a total transaction of $116,400.00. Following the completion of the sale, the director now owns 85,788 shares in the company, valued at $1,331,429.76. The disclosure for this sale can be found here.
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.