Coeur Mining Chairman Buys $7,830 in Stock (CDE)
Coeur Mining (NYSE:CDE) Chairman Robert E. Mellor acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average price of $7.83 per share, for a total transaction of $7,830.00. Following the acquisition, the chairman now directly owns 25,391 shares of the company’s stock, valued at approximately $198,812. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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, Coeur Mining currently has a consensus rating of “Hold” and a consensus price target of $8.63.
Coeur Mining (NYSE:CDE) opened at 7.88 on Monday. 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 $8.25 and a 200-day moving average of $8.93. The company’s market cap is $815.3 million.
Coeur Mining (NYSE:CDE) last released its earnings data 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 $-1.02 EPS for the current fiscal year.
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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