Coeur Mining, Inc. (NYSE:CDE) CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $8.19, for a total transaction of $81,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Coeur Mining, Inc. (CDE) traded up 0.52% during trading on Friday, reaching $7.72. 2,355,865 shares of the company were exchanged. The stock’s 50 day moving average is $8.13 and its 200 day moving average is $8.78. Coeur Mining, Inc. has a 1-year low of $7.30 and a 1-year high of $15.35. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.05 and a beta of 0.57.
Coeur Mining (NYSE:CDE) last released its earnings results 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 firm had revenue of $173.40 million during the quarter, compared to analyst estimates of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. Equities analysts anticipate that Coeur Mining, Inc. will post $0.13 earnings per share for the current year.
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A number of research analysts recently weighed in on the stock. Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research note on Wednesday, June 14th. BMO Capital Markets reiterated a “buy” rating and issued a $11.00 price objective on shares of Coeur Mining in a research note on Friday, June 30th. BidaskClub upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Coeur Mining in a report on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Two investment 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. The company presently has an average rating of “Hold” and an average price target of $11.29.
Several large investors have recently added to or reduced their stakes in CDE. UBS Group AG raised its stake in Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after buying an additional 1,267 shares during the period. Teacher Retirement System of Texas raised its stake in Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock valued at $116,000 after buying an additional 1,133 shares during the period. Stevens Capital Management LP purchased a new stake in Coeur Mining during the second quarter valued at about $123,000. Russell Investments Group Ltd. purchased a new stake in Coeur Mining during the fourth quarter valued at about $124,000. Finally, Sigma Planning Corp purchased a new stake in Coeur Mining during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 68.28% of the company’s stock.
Coeur Mining Company Profile
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.
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