Coeur Mining VP Buys $15,320 in Stock (CDE)
Coeur Mining (NYSE:CDE) VP Casey M. Nault purchased 2,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 8th. The shares were purchased at an average price of $7.66 per share, for a total transaction of $15,320.00. Following the transaction, the vice president now directly owns 56,090 shares of the company’s stock, valued at approximately $429,649. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Coeur Mining (NYSE:CDE) traded up 4.05% during mid-day trading on Friday, hitting $7.97. The stock had a trading volume of 2,196,668 shares. Coeur Mining has a 52-week low of $6.62 and a 52-week high of $16.95. The stock has a 50-day moving average of $8.49 and a 200-day moving average of $9.12. The company’s market cap is $824.8 million.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.31) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.31). The company had revenue of $164.60 million for the quarter, compared to the consensus estimate of $163.19 million. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down 19.5% on a year-over-year basis. Analysts expect that Coeur Mining will post $-0.99 EPS for the current fiscal year.
CDE has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Coeur Mining from $9.64 to $10.04 in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coeur Mining in a research note on Friday. They now have a $8.50 price target on the stock, down previously from $10.00. Finally, analysts at Scotia Bank reiterated a “sector unperformer” rating on shares of Coeur Mining in a research note on Friday. They now have a $6.00 price target on the stock, down previously from $6.25. Eight analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $8.63.
Coeur Mining, Inc, formerly Coeur d’Alene Mines Corporation, is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia.
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