Coeur Mining Inc. (CDE) Sees Large Volume Increase
Shares of Coeur Mining Inc. (NYSE:CDE) saw strong trading volume on Friday . 37,070,725 shares traded hands during mid-day trading, an increase of 329% from the previous session’s volume of 8,651,075 shares.The stock last traded at $12.43 and had previously closed at $12.36.
A number of equities analysts have weighed in on the stock. CIBC upgraded shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a research report on Tuesday, August 30th. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a research 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 research report on Thursday, July 14th. Barclays PLC upped their price target on shares of Coeur Mining and gave the stock an “outperform” rating in a research report on Monday, June 27th. Finally, Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Monday, June 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Coeur Mining currently has an average rating of “Buy” and an average target price of $6.05.
The company’s market capitalization is $2.02 billion. The firm has a 50-day moving average price of $14.59 and a 200 day moving average price of $9.66.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company earned $182 million during the quarter, compared to analysts’ expectations of $173.92 million. Coeur Mining had a negative net margin of 49.17% and a negative return on equity of 8.38%. Coeur Mining’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. Equities research analysts expect that Coeur Mining Inc. will post $0.27 EPS for the current year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hans John Rasmussen sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $16.15, for a total transaction of $40,375.00. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CDE. TIAA CREF Investment Management LLC raised its position in Coeur Mining by 129.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,001,561 shares of the company’s stock worth $5,629,000 after buying an additional 565,686 shares in the last quarter. Teachers Advisors Inc. raised its position in Coeur Mining by 589.1% in the first quarter. Teachers Advisors Inc. now owns 1,579,196 shares of the company’s stock worth $8,875,000 after buying an additional 1,350,035 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Coeur Mining by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,519,905 shares of the company’s stock worth $19,782,000 after buying an additional 17,614 shares in the last quarter. Shufro Rose & Co. LLC raised its position in Coeur Mining by 7.0% in the first quarter. Shufro Rose & Co. LLC now owns 80,700 shares of the company’s stock worth $454,000 after buying an additional 5,300 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Coeur Mining during the first quarter worth about $1,203,000. 69.47% of the stock is owned by institutional investors.
About Coeur Mining
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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