Coeur Mining Inc. (CDE) Stock Price Down 2.2%
Coeur Mining Inc. (NYSE:CDE)’s share price dropped 2.2% on Tuesday . The stock traded as low as $13.50 and last traded at $13.52, with a volume of 4,411,386 shares trading hands. The stock had previously closed at $13.83.
CDE has been the topic of several research analyst reports. BMO Capital Markets raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Zacks Investment Research lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Royal Bank Of Canada started coverage on shares of Coeur Mining in a research report on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 price target on the stock. 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. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Monday, June 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.88.
The firm’s 50 day moving average price is $14.46 and its 200-day moving average price is $9.03. The company’s market cap is $2.12 billion.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The business earned $182 million during the quarter, compared to the consensus estimate of $173.92 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Coeur Mining’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that Coeur Mining Inc. will post $0.21 earnings per share for the current year.
In other Coeur Mining news, SVP Hans John Rasmussen sold 3,477 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $15.00, for a total value of $52,155.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Peter C. Mitchell sold 16,157 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $15.88, for a total value of $256,573.16. Following the completion of the transaction, the chief financial officer now directly owns 270,260 shares in the company, valued at $4,291,728.80. 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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