Coeur Mining Inc (CDE) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.03. The company posted revenue of $182.00 million in the period, compared to analysts expectations of $171.14 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
Many Wall Street Analysts have commented on Coeur Mining Inc. Company shares were Upgraded by RBC Capital Mkts on Jul 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $9 .Coeur Mining Inc was Upgraded by Raymond James to ” Outperform” on Jun 27, 2016. RBC Capital Mkts Initiated Coeur Mining Inc on Jun 21, 2016 to “Sector Perform”, Price Target of the shares are set at $9.
Coeur Mining Inc opened for trading at $14.59 and hit $15.07 on the upside on Thursday, eventually ending the session at $14.74, with a gain of 4.24% or 0.6 points. The heightened volatility saw the trading volume jump to 76,32,978 shares. Company has a market cap of $2,258 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.