Coeur Mining, Inc. (CDE) Stock Price Up 6%
Shares of Coeur Mining, Inc. (NYSE:CDE) rose 6% during mid-day trading on Monday . The company traded as high as $8.19 and last traded at $8.18, with a volume of 2,966,664 shares changing hands. The stock had previously closed at $7.72.
CDE has been the topic of a number of research analyst reports. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada set a $13.00 target price on Coeur Mining and gave the company a “buy” rating in a research report on Monday, June 12th. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research report on Friday, July 28th. BidaskClub lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $11.00 target price on shares of Coeur Mining in a research report on Friday, June 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Coeur Mining has a consensus rating of “Hold” and a consensus price target of $11.29.
The company has a market cap of $1.48 billion, a price-to-earnings ratio of 21.12 and a beta of 0.57. The firm has a 50 day moving average price of $8.11 and a 200-day moving average price of $8.71.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. Coeur Mining’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, equities research analysts forecast that Coeur Mining, Inc. will post $0.13 EPS for the current fiscal year.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.19, for a total transaction of $81,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Coeur Mining by 56,698.4% in the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after buying an additional 11,518,276 shares during the last quarter. Van ECK Associates Corp boosted its position in Coeur Mining by 46.8% in the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after buying an additional 5,933,383 shares during the last quarter. GMT Capital Corp boosted its position in Coeur Mining by 47.7% in the first quarter. GMT Capital Corp now owns 11,747,789 shares of the basic materials company’s stock valued at $94,922,000 after buying an additional 3,792,700 shares during the last quarter. Investec Asset Management LTD bought a new position in Coeur Mining during the second quarter valued at approximately $28,801,000. Finally, Dimensional Fund Advisors LP boosted its position in Coeur Mining by 65.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock valued at $39,939,000 after buying an additional 1,840,601 shares during the last quarter. Hedge funds and other institutional investors own 68.28% of the company’s stock.
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About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.