Coeur Mining, Inc. (NYSE:CDE – Get Free Report) Director J Kenneth Thompson sold 25,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director owned 257,333 shares of the company’s stock, valued at $5,344,806.41. This trade represents a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Coeur Mining Stock Performance
NYSE CDE opened at $21.07 on Friday. The firm has a 50-day moving average price of $16.78 and a two-hundred day moving average price of $18.83. Coeur Mining, Inc. has a 12-month low of $11.50 and a 12-month high of $27.77. The company has a market capitalization of $21.66 billion, a P/E ratio of 18.01 and a beta of 1.32. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07.
Coeur Mining (NYSE:CDE – Get Free Report) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 125.8% compared to the same quarter last year. Analysts anticipate that Coeur Mining, Inc. will post 0.86 earnings per share for the current year.
Hedge Funds Weigh In On Coeur Mining
Analyst Upgrades and Downgrades
A number of equities analysts have commented on CDE shares. Scotiabank lowered their price objective on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Roth Capital set a $19.00 price target on Coeur Mining in a research report on Friday, August 7th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.50.
Check Out Our Latest Research Report on CDE
Coeur Mining Company Profile
Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.
Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.
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