Coeur Mining Inc (CDE) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $-0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $-0.16. The company posted revenue of $148.39 million in the period, compared to analysts expectations of $143.38 million. The company’s revenue was down -3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.24 EPS.
Many Wall Street Analysts have commented on Coeur Mining Inc. Coeur Mining Inc was Downgraded by CIBC to ” Sector Underperform” on Apr 8, 2016. Deutsche Bank Downgraded Coeur Mining Inc on Mar 23, 2016 to ” Sell”, Price Target of the shares are set at $3.40.
Coeur Mining Inc closed down -0.25 points or -3.50% at $6.89 with 38,38,741 shares getting traded on Friday. Post opening the session at $7.08, the shares hit an intraday low of $6.725 and an intraday high of $7.38 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 17, 2016, Hans John Rasmussen (SVP, Exploration) sold 2,000 shares at $5.26 per share price. According to the SEC, on Mar 9, 2016, Robert E Mellor (Chairman (non-executive) purchased 2,000 shares at $4.69 per share price. On Dec 15, 2015, Sebastian Edwards (director) sold 4,090 shares at $2.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Coeur Mining Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States Mexico and Bolivia; a silver interest in Australia and exploration projects in Mexico and Argentina. The Company’s segments include Palmarejo San Bartolome Rochester Kensington La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine owned and operated by Coeur Mexicana is located in the state of Chihuahua Mexico. The San Bartolome silver mine operated by Manquiri is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.