Robert E. Mellor Acquires 1,000 Shares of Coeur Mining Stock (CDE)
Coeur Mining (NYSE:CDE) Chairman Robert E. Mellor bought 1,000 shares of Coeur Mining stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $7.83 per share, with a total value of $7,830.00. Following the purchase, the chairman now directly owns 25,391 shares of the company’s stock, valued at approximately $198,812. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Coeur Mining (NYSE:CDE) traded up 1.82% on Tuesday, hitting $7.85. 143,218 shares of the company’s stock traded hands. Coeur Mining has a one year low of $6.62 and a one year high of $16.87. The stock’s 50-day moving average is $8.23 and its 200-day moving average is $8.90. The company’s market cap is $812.2 million.
Coeur Mining (NYSE:CDE) last issued its quarterly 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 $-1.03 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, 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 research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target 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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