Coeur Mining Inc. (CDE) Shares Up 2.2%
Coeur Mining Inc. (NYSE:CDE)’s share price shot up 2.2% on Thursday . The company traded as high as $13.21 and last traded at $13.02, with a volume of 3,865,975 shares traded. The stock had previously closed at $12.74.
A number of brokerages recently weighed in on CDE. CIBC upgraded shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday. Deutsche Bank AG restated a “sell” rating on shares of Coeur Mining in a 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 report on Thursday, July 14th. Barclays PLC boosted their price objective on shares of Coeur Mining and gave the stock an “outperform” rating in a report on Monday, June 27th. Finally, Roth Capital restated a “buy” rating on shares of Coeur Mining in a report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Coeur Mining currently has a consensus rating of “Buy” and an average price target of $6.05.
The firm’s 50 day moving average price is $14.46 and its 200 day moving average price is $9.09. The company’s market capitalization is $2.19 billion.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. The business had revenue of $182 million for the quarter, compared to the consensus estimate of $173.92 million. Coeur Mining’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Equities research analysts predict that Coeur Mining Inc. will post $0.21 earnings per share for the current year.
In other news, VP Mark Spurbeck sold 4,565 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $15.75, for a total transaction of $71,898.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $12.55, for a total transaction of $125,500.00. 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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