Coeur Mining Inc. (CDE) Hits New 12-Month High at $16.03
Coeur Mining Inc. (NYSE:CDE) reached a new 52-week high during trading on Tuesday . The company traded as high as $16.03 and last traded at $15.62, with a volume of 3,330,287 shares trading hands. The stock had previously closed at $15.64.
A number of research analysts have issued reports on CDE shares. CIBC lowered shares of Coeur Mining from a “sector perform” rating to a “sector underperform” rating and set a $4.25 price target on the stock. in a research note on Friday, April 8th. BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Zacks Investment Research lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Royal Bank Of Canada started coverage on shares of Coeur Mining in a research note on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 price target on the stock. Finally, Raymond James Financial Inc. upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research note 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. The stock currently has an average rating of “Buy” and an average target price of $5.88.
The stock has a 50 day moving average price of $12.16 and a 200 day moving average price of $7.26. The stock’s market cap is $2.53 billion.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. During the same quarter in the prior year, the firm earned ($0.11) EPS. The firm earned $182 million during the quarter, compared to analysts’ expectations of $173.92 million. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Coeur Mining Inc. will post $0.21 EPS for the current fiscal year.
In related news, SVP Hans John Rasmussen sold 3,477 shares of Coeur Mining stock in a transaction that occurred on Friday, July 29th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Also, Director J Kenneth Thompson sold 7,500 shares of Coeur Mining stock in a transaction that occurred 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 transaction, the director now owns 85,788 shares of the company’s stock, valued at approximately $1,331,429.76. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently modified their holdings of the company. Sei Investments Co. increased its position in shares of Coeur Mining by 71,528.3% in the fourth quarter. Sei Investments Co. now owns 506,412 shares of the company’s stock worth $1,256,000 after buying an additional 505,705 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Coeur Mining by 9.4% in the fourth quarter. California Public Employees Retirement System now owns 840,600 shares of the company’s stock valued at $2,085,000 after buying an additional 72,000 shares in the last quarter. Finally, Royce & Associates LLC increased its stake in shares of Coeur Mining by 11.5% in the fourth quarter. Royce & Associates LLC now owns 1,068,000 shares of the company’s stock valued at $2,649,000 after buying an additional 110,500 shares in the last 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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