Coeur Mining, Inc. (CDE) CFO Peter C. Mitchell Sells 10,000 Shares
Coeur Mining, Inc. (NYSE:CDE) CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $7.67, for a total value of $76,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Coeur Mining, Inc. (NYSE:CDE) traded down 1.94% on Tuesday, hitting $7.59. The stock had a trading volume of 2,089,460 shares. The stock has a market capitalization of $1.38 billion, a PE ratio of 19.71 and a beta of 0.39. Coeur Mining, Inc. has a one year low of $7.30 and a one year high of $12.30. The firm’s 50 day moving average is $8.93 and its 200-day moving average is $8.77.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). The company had revenue of $176.00 million during the quarter, compared to analyst estimates of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. Coeur Mining’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. Equities research analysts expect that Coeur Mining, Inc. will post $0.06 earnings per share for the current fiscal year.
CDE has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Coeur Mining in a report on Friday, July 14th. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research report on Friday, July 28th. BidaskClub lowered Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.91.
A number of hedge funds and other institutional investors have recently made changes to their positions in CDE. BlackRock Inc. increased its position in Coeur Mining by 56,698.4% during the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock worth $93,231,000 after buying an additional 11,518,276 shares during the last quarter. Van ECK Associates Corp increased its position in 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 buying an additional 5,933,383 shares during the last quarter. Investec Asset Management LTD acquired a new position in Coeur Mining during the second quarter worth approximately $28,801,000. Dimensional Fund Advisors LP increased its position in Coeur Mining by 65.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after buying an additional 1,840,601 shares during the last quarter. Finally, State Street Corp increased its position in Coeur Mining by 25.5% during the first quarter. State Street Corp now owns 8,767,696 shares of the basic materials company’s stock worth $70,842,000 after buying an additional 1,780,872 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.
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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