Coeur Mining, Inc. (NYSE:CDE) COO Frank L. Jr. Hanagarne sold 28,800 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Coeur Mining, Inc. (CDE) opened at 8.75 on Wednesday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 22.73 and a beta of 0.57. The company’s 50-day moving average is $8.11 and its 200-day moving average is $8.65. Coeur Mining, Inc. has a 12-month low of $7.30 and a 12-month high of $15.35.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. Equities research analysts predict that Coeur Mining, Inc. will post $0.13 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sprott Inc. increased its position in shares of Coeur Mining by 262.3% in the first quarter. Sprott Inc. now owns 1,487,192 shares of the basic materials company’s stock valued at $12,017,000 after buying an additional 1,076,751 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Coeur Mining during the first quarter valued at $339,000. UBS Asset Management Americas Inc. increased its position in shares of Coeur Mining by 68.3% in the first quarter. UBS Asset Management Americas Inc. now owns 116,890 shares of the basic materials company’s stock valued at $944,000 after buying an additional 47,441 shares during the last quarter. Swiss National Bank increased its position in shares of Coeur Mining by 16.1% in the first quarter. Swiss National Bank now owns 309,800 shares of the basic materials company’s stock valued at $2,503,000 after buying an additional 42,900 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Coeur Mining by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 850,024 shares of the basic materials company’s stock valued at $6,868,000 after buying an additional 52,875 shares during the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on CDE. BidaskClub raised shares of Coeur Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $13.00 price target on shares of Coeur Mining in a research report on Thursday, August 24th. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a report on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $11.00 target price on shares of Coeur Mining in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.29.

About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Insider Buying and Selling by Quarter for Coeur Mining (NYSE:CDE)

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