Insider Buying: Coeur Mining Chairman Buys 1,000 Shares of Stock (CDE)
Coeur Mining (NYSE:CDE) Chairman Robert E. Mellor bought 1,000 shares of Coeur Mining stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $7.83 per share, for a total transaction of $7,830.00. Following the completion of the transaction, the chairman now directly owns 25,391 shares in the company, valued at approximately $198,812. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Coeur Mining (NYSE:CDE) traded up 0.51% on Friday, hitting $7.88. The stock had a trading volume of 1,418,880 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 $8.29 and a 200-day moving average of $8.9. The company’s market cap is $815.3 million.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.31) earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted ($0.35) earnings per share. Coeur Mining’s revenue was down 19.5% compared to the same quarter last year. On average, analysts predict that Coeur Mining will post $-1.02 earnings per share for the current fiscal year.
A number of research firms have recently commented on CDE. 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, August 8th. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coeur Mining in a research note on Friday, August 8th. 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, August 8th. 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 company currently 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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