Coeur Mining Inc (CDE) Director J Kenneth Thompson Purchases 15,000 Shares

Coeur Mining Inc (NYSE:CDE) Director J Kenneth Thompson bought 15,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of $2.93 per share, with a total value of $43,950.00. Following the completion of the transaction, the director now owns 150,645 shares in the company, valued at approximately $441,389.85. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of CDE stock traded down $0.01 on Tuesday, hitting $2.95. 2,580,859 shares of the company’s stock were exchanged, compared to its average volume of 3,011,555. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. Coeur Mining Inc has a 12 month low of $2.83 and a 12 month high of $8.55. The company has a market cap of $590.68 million, a P/E ratio of -295.00 and a beta of 0.35.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Coeur Mining had a negative return on equity of 3.11% and a negative net margin of 11.15%. The business had revenue of $154.90 million for the quarter, compared to the consensus estimate of $156.37 million. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Coeur Mining Inc will post -0.13 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Toroso Investments LLC bought a new stake in shares of Coeur Mining during the 4th quarter worth $826,000. CoreCommodity Management LLC lifted its position in shares of Coeur Mining by 126.5% during the 4th quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock worth $62,000 after buying an additional 7,783 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Coeur Mining by 1,284.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,234,589 shares of the basic materials company’s stock worth $5,519,000 after buying an additional 1,145,389 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Coeur Mining by 115.1% during the 4th quarter. First Trust Advisors LP now owns 301,025 shares of the basic materials company’s stock worth $1,346,000 after buying an additional 161,082 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Coeur Mining during the 4th quarter worth $724,000. Institutional investors and hedge funds own 66.92% of the company’s stock.

A number of analysts have recently weighed in on the company. BMO Capital Markets downgraded Coeur Mining from an “outperform” rating to a “market perform” rating and cut their target price for the company from $6.50 to $6.00 in a research report on Friday, February 22nd. Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 21st. Raymond James reiterated an “outperform” rating and set a $6.50 target price on shares of Coeur Mining in a research report on Friday, February 22nd. Noble Financial set a $7.00 target price on Coeur Mining and gave the company a “buy” rating in a research report on Friday, February 22nd. Finally, B. Riley assumed coverage on Coeur Mining in a research report on Friday, March 1st. They set a “buy” rating and a $6.25 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $6.67.

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Coeur Mining Company Profile

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

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