Coeur Mining Inc. (CDE) Shares Up 2.2%
Coeur Mining Inc. (NYSE:CDE) shares shot up 2.2% during mid-day trading on Thursday . The company traded as high as $13.21 and last traded at $13.02, with a volume of 3,865,975 shares trading hands. The stock had previously closed at $12.74.
A number of research firms recently issued reports on CDE. CIBC upgraded shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a research report on Tuesday. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a research report on Wednesday, July 20th. Royal Bank Of Canada upgraded shares of Coeur Mining from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 14th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Monday, June 27th. Finally, Raymond James Financial Inc. upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $5.88.
The firm has a 50-day moving average of $14.46 and a 200-day moving average of $9.03. The firm’s market cap is $2.12 billion.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. During the same quarter in the previous year, the business earned ($0.11) EPS. The business earned $182 million during the quarter, compared to analysts’ expectations of $173.92 million. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts forecast that Coeur Mining Inc. will post $0.21 EPS for the current year.
In other Coeur Mining news, VP Mark Spurbeck sold 4,565 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.75, for a total value of $71,898.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Hans John Rasmussen sold 2,500 shares of the 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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