Coeur Mining Inc. (CDE) Sees Unusually-High Trading Volume
Shares of Coeur Mining Inc. (NYSE:CDE) saw an uptick in trading volume on Friday . 7,032,797 shares changed hands during mid-day 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 recently issued reports on CDE. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a report on Wednesday, July 20th. Royal Bank Of Canada upgraded Coeur Mining from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 14th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Monday, June 27th. Raymond James Financial Inc. upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Finally, Barclays PLC raised their price target on Coeur Mining and gave the company an “outperform” rating in a report on Monday, June 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $5.88.
The firm’s market cap is $2.22 billion. The company has a 50 day moving average price of $14.42 and a 200-day moving average price of $8.76.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. During the same period last year, the firm posted ($0.11) EPS. The business 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. On average, equities research analysts forecast that Coeur Mining Inc. will post $0.21 EPS for the current year.
In other news, CFO Peter C. Mitchell sold 16,157 shares of the business’s stock in a transaction on Monday, August 8th. The stock was 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 approximately $4,291,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Hans John Rasmussen sold 2,500 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $16.15, for a total value of $40,375.00. 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.
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