Coeur Mining, Inc. (CDE) SVP Hans John Rasmussen Sells 10,000 Shares
Coeur Mining, Inc. (NYSE:CDE) SVP Hans John Rasmussen sold 10,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $9.25, for a total transaction of $92,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Coeur Mining, Inc. (NYSE:CDE) traded up 0.98% during mid-day trading on Friday, reaching $9.28. 3,512,057 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $8.35 and a 200-day moving average price of $8.61. The stock has a market cap of $1.68 billion, a PE ratio of 24.10 and a beta of 0.47. Coeur Mining, Inc. has a 12 month low of $7.30 and a 12 month high of $14.47.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $173.40 million during the quarter, compared to analysts’ expectations of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. On average, analysts predict that Coeur Mining, Inc. will post $0.12 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Raymond James Financial, Inc. upped their target price on shares of Coeur Mining from $9.50 to $12.50 and gave the company a “market perform” rating in a research note on Friday. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research note on Wednesday. BMO Capital Markets reissued a “buy” rating on shares of Coeur Mining in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Coeur Mining in a research note on Thursday, September 7th. Finally, UBS AG cut shares of Coeur Mining from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Coeur Mining currently has an average rating of “Hold” and a consensus price target of $11.23.
Large investors have recently modified their holdings of the company. UBS Group AG raised its position in shares of Coeur Mining by 9.8% in the 1st quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after buying an additional 1,267 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Coeur Mining in the 2nd quarter valued at approximately $123,000. Teacher Retirement System of Texas raised its position in shares of Coeur Mining by 8.5% in the 1st quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock valued at $116,000 after buying an additional 1,133 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Coeur Mining in the 2nd quarter valued at approximately $141,000. Finally, Sigma Planning Corp acquired a new position in shares of Coeur Mining in the 2nd quarter valued at approximately $143,000. Institutional investors own 68.90% of the company’s stock.
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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