According to Zacks, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois. “
CDE has been the topic of a number of other research reports. Royal Bank Of Canada began 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 objective on the stock. Raymond James Financial Inc. raised shares of Coeur Mining from a market perform rating to an outperform rating in a research note on Monday, June 27th. Deutsche Bank AG reissued a sell rating on shares of Coeur Mining in a research note on Thursday, July 7th. Barclays PLC boosted their target price on shares of Coeur Mining and gave the company an outperform rating in a research note on Monday, June 27th. Finally, Roth Capital reissued a buy rating on shares of Coeur Mining in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $6.05.
Shares of Coeur Mining (NYSE:CDE) opened at 11.88 on Tuesday. Coeur Mining has a 1-year low of $1.62 and a 1-year high of $16.41. The company’s market capitalization is $1.93 billion. The firm’s 50-day moving average is $13.83 and its 200-day moving average is $10.24.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. Coeur Mining had a negative net margin of 49.17% and a negative return on equity of 8.38%. The business had revenue of $182 million for the quarter, compared to analysts’ expectations of $173.92 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Analysts forecast that Coeur Mining will post $0.32 earnings per share for the current fiscal year.
In other Coeur Mining news, VP Mark Spurbeck sold 4,565 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter C. Mitchell sold 16,157 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $15.88, for a total transaction of $256,573.16. Following the sale, the chief financial officer now directly owns 270,260 shares of the company’s stock, valued at $4,291,728.80. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Societe Generale purchased a new stake in Coeur Mining during the second quarter valued at approximately $106,000. SG Americas Securities LLC purchased a new stake in Coeur Mining during the second quarter valued at approximately $106,000. Nuveen Asset Management LLC purchased a new stake in Coeur Mining during the second quarter valued at approximately $108,000. Ameritas Investment Partners Inc. raised its stake in Coeur Mining by 13.5% in the second quarter. Ameritas Investment Partners Inc. now owns 11,907 shares of the company’s stock valued at $127,000 after buying an additional 1,415 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in Coeur Mining during the second quarter valued at approximately $130,000. 69.47% of the stock is owned by institutional investors and hedge funds.
Coeur Mining Company Profile
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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