Coeur Mining Inc (CDE) was Initiated by RBC Capital Mkts to “Sector Perform” and the brokerage firm has set the Price Target at $9. RBC Capital Mkts advised their investors in a research report released on Jun 21, 2016.
Many Wall Street Analysts have commented on Coeur Mining Inc. Coeur Mining Inc was Downgraded by CIBC to ” Sector Underperform” on Apr 8, 2016.
On the company’s financial health, Coeur Mining Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.16. The company had revenue of $148.39 million for the quarter, 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.
Coeur Mining Inc opened for trading at $8.99 and hit $9.78 on the upside on Monday, eventually ending the session at $9.64, with a gain of 3.66% or 0.34 points. The heightened volatility saw the trading volume jump to 53,44,805 shares. Company has a market cap of $1,476 M.
In a different news, on Apr 29, 2016, Robert E Mellor (Chairman (non-executive) purchased 2,000 shares at $7.84 per share price. According to the SEC, on Mar 17, 2016, Hans John Rasmussen (SVP, Exploration) sold 2,000 shares at $5.26 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.