Coeur Mining Inc (CDE) Director Acquires $24,800.00 in Stock

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Coeur Mining Inc (NYSE:CDE) Director J Kenneth Thompson bought 5,000 shares of the stock in a transaction dated Wednesday, November 7th. The stock was purchased at an average price of $4.96 per share, with a total value of $24,800.00. Following the purchase, the director now owns 112,929 shares in the company, valued at $560,127.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NYSE:CDE opened at $4.66 on Friday. The firm has a market cap of $969.74 million, a price-to-earnings ratio of 233.00 and a beta of 0.74. Coeur Mining Inc has a 12-month low of $4.46 and a 12-month high of $8.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.96 and a quick ratio of 1.00.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 31st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.02). The company had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $151.15 million. Coeur Mining had a negative net margin of 5.92% and a negative return on equity of 0.47%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, research analysts anticipate that Coeur Mining Inc will post -0.13 EPS for the current year.

Large investors have recently made changes to their positions in the business. Stifel Financial Corp purchased a new position in Coeur Mining during the first quarter valued at $102,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Coeur Mining in the first quarter worth $117,000. Stevens Capital Management LP raised its stake in shares of Coeur Mining by 60.9% in the second quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 11,430 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Coeur Mining by 37.1% in the first quarter. Xact Kapitalforvaltning AB now owns 30,329 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 8,200 shares during the last quarter. Finally, Tibra Equities Europe Ltd purchased a new position in shares of Coeur Mining in the second quarter worth $337,000. Institutional investors and hedge funds own 66.43% of the company’s stock.

A number of research analysts have issued reports on CDE shares. ValuEngine cut Coeur Mining from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 28th. Noble Financial upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Friday, July 27th. Canaccord Genuity reiterated a “buy” rating and set a $10.75 price objective on shares of Coeur Mining in a research note on Friday, July 13th. Raymond James set a $8.00 price objective on Coeur Mining and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, BMO Capital Markets set a $8.00 price objective on Coeur Mining and gave the company a “buy” rating in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. Coeur Mining presently has a consensus rating of “Buy” and an average price target of $8.96.

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Coeur Mining Company Profile

Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.

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