Coeur Mining, Inc. (NYSE:CDE) SVP Hans John Rasmussen sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $92,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Coeur Mining, Inc. (CDE) opened at 9.28 on Friday. The firm’s 50-day moving average price is $8.39 and its 200-day moving average price is $8.61. The stock has a market cap of $1.68 billion, a PE ratio of 24.10 and a beta of 0.47. Coeur Mining, Inc. has a 52 week low of $7.30 and a 52 week high of $13.65.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Equities analysts predict that Coeur Mining, Inc. will post $0.12 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on CDE. BidaskClub upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 target price on shares of Coeur Mining in a research note on Wednesday, May 24th. Roth Capital set a $13.00 target price on Coeur Mining and gave the company a “buy” rating in a research note on Wednesday, June 14th. BMO Capital Markets restated a “buy” rating and issued a $11.00 target price on shares of Coeur Mining in a research note on Friday, June 30th. Finally, UBS AG cut Coeur Mining from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.23.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Credit Agricole S A bought a new stake in Coeur Mining during the 1st quarter valued at $5,077,000. Aperio Group LLC boosted its position in Coeur Mining by 5.9% during the 2nd quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock valued at $381,000 after acquiring an additional 2,482 shares in the last quarter. U S Global Investors Inc bought a new stake in Coeur Mining during the 1st quarter valued at $808,000. Karp Capital Management Corp bought a new stake in Coeur Mining during the 1st quarter valued at $339,000. Finally, BlackRock Inc. boosted its position in Coeur Mining by 56,698.4% during the 1st quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after acquiring an additional 11,518,276 shares in the last quarter. 68.90% of the stock is currently owned by institutional investors and hedge funds.
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.
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