Coeur Mining (NYSE:CDE) has climbed 9.15% in the past week and advanced 17.13% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 10.47% and the outperformance has advanced to 16.06% for the last 4 weeks period.
Coeur Mining (NYSE:CDE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.16 and $9.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.30, notching a gain of 3.22% for the day. The total traded volume was 28,166,293 . The stock had closed at $9.01 on the previous day.
The company shares have rallied 54.23% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $9.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.06 and the 200 Day Moving Average price is recorded at $4.93.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman (non-executive)) of Coeur Mining, Inc., Mellor Robert E, had purchased 2,000 shares in a transaction dated on April 29, 2016. The transaction was executed at $7.84 per share with total amount equaling $15,680.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, BMO Capital upgrades its rating on Coeur Mining (NYSE:CDE).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 12, 2016. Currently the company Insiders own 1.53% of Coeur Mining shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.01% . Institutional Investors own 58.57% of Coeur Mining shares. During last six month period, the net percent change held by insiders has seen a change of 0.84%.
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 Companys 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.