Coeur Mining, Inc. (CDE) COO Frank L. Jr. Hanagarne Sells 10,310 Shares
Coeur Mining, Inc. (NYSE:CDE) COO Frank L. Jr. Hanagarne sold 10,310 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total value of $95,779.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Frank L. Jr. Hanagarne also recently made the following trade(s):
- On Monday, August 28th, Frank L. Jr. Hanagarne sold 28,800 shares of Coeur Mining stock. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00.
Shares of Coeur Mining, Inc. (CDE) traded up 1.81% on Tuesday, reaching $9.57. 1,964,727 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $8.84 and its 200-day moving average price is $8.74. Coeur Mining, Inc. has a 52 week low of $7.30 and a 52 week high of $13.18. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.86 and a beta of 0.39.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $173.40 million for the quarter, compared to analyst estimates of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. Coeur Mining’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. Equities analysts predict that Coeur Mining, Inc. will post $0.13 EPS for the current year.
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A number of equities research analysts recently issued reports on the stock. Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a report on Wednesday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $11.00 target price on shares of Coeur Mining in a research note on Friday, June 30th. BidaskClub upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. UBS AG lowered shares of Coeur Mining from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Finally, Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Coeur Mining has a consensus rating of “Hold” and an average target price of $11.23.
Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Coeur Mining by 46.8% during the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after purchasing an additional 5,933,383 shares during the last quarter. GMT Capital Corp increased its stake in Coeur Mining by 5.1% in the second quarter. GMT Capital Corp now owns 12,348,689 shares of the basic materials company’s stock valued at $96,690,000 after purchasing an additional 600,900 shares during the last quarter. BlackRock Inc. increased its stake in Coeur Mining by 1.3% in the second quarter. BlackRock Inc. now owns 11,688,139 shares of the basic materials company’s stock valued at $100,285,000 after purchasing an additional 149,548 shares during the last quarter. State Street Corp increased its stake in Coeur Mining by 25.5% in the first quarter. State Street Corp now owns 8,767,696 shares of the basic materials company’s stock valued at $70,842,000 after purchasing an additional 1,780,872 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Coeur Mining by 65.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock valued at $39,939,000 after purchasing an additional 1,840,601 shares during the last quarter. Institutional investors and hedge funds own 68.90% of the company’s stock.
About Coeur Mining
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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