Coeur Mining, Inc. (CDE) Stock Price Down 5.1%

Shares of Coeur Mining, Inc. (NYSE:CDE) traded down 5.1% during mid-day trading on Tuesday . The stock traded as low as $9.02 and last traded at $9.04. 2,445,724 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 2,222,210 shares. The stock had previously closed at $9.53.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research note on Tuesday. Roth Capital set a $13.00 target price on Coeur Mining and gave the company a “buy” rating in a research note on Thursday, October 5th. Royal Bank Of Canada restated a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 27th. BidaskClub upgraded Coeur Mining from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Noble Financial restated a “hold” rating on shares of Coeur Mining in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Coeur Mining currently has an average rating of “Hold” and an average target price of $11.62.

The firm’s 50-day moving average is $9.04 and its 200 day moving average is $8.78. The company has a market capitalization of $1.64 billion, a P/E ratio of 23.48 and a beta of 0.39.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The company had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $174.70 million. During the same period last year, the firm earned $0.09 EPS. Coeur Mining’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining, Inc. will post $0.13 EPS for the current year.

In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 10,310 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total value of $95,779.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.19, for a total value of $81,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,610 shares of company stock worth $602,855. 1.30% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of CDE. Teacher Retirement System of Texas grew its position in shares of Coeur Mining by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock valued at $125,000 after purchasing an additional 182 shares in the last quarter. Virtu KCG Holdings LLC grew its position in shares of Coeur Mining by 1.7% during the second quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock valued at $293,000 after purchasing an additional 569 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of Coeur Mining by 2.8% during the second quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 619 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Coeur Mining by 0.7% during the second quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock valued at $852,000 after purchasing an additional 663 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Coeur Mining by 0.8% during the second quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock valued at $916,000 after purchasing an additional 840 shares in the last quarter. Institutional investors and hedge funds own 68.90% of the company’s stock.

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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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