Coeur Mining Inc (NYSE:CDE) Director J Kenneth Thompson Purchases 5,000 Shares

Coeur Mining Inc (NYSE:CDE) Director J Kenneth Thompson bought 5,000 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were bought at an average cost of $4.04 per share, for a total transaction of $20,200.00. Following the purchase, the director now owns 117,929 shares of the company’s stock, valued at approximately $476,433.16. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

J Kenneth Thompson also recently made the following trade(s):

  • On Wednesday, November 7th, J Kenneth Thompson bought 5,000 shares of Coeur Mining stock. The shares were bought at an average cost of $4.96 per share, for a total transaction of $24,800.00.

Shares of Coeur Mining stock traded up $0.06 during trading on Monday, hitting $4.01. The company’s stock had a trading volume of 3,257,435 shares, compared to its average volume of 2,978,332. The company has a quick ratio of 1.00, a current ratio of 1.96 and a debt-to-equity ratio of 0.53. Coeur Mining Inc has a 52 week low of $3.81 and a 52 week high of $8.94. The stock has a market cap of $786.55 million, a price-to-earnings ratio of 200.50 and a beta of 0.75.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 31st. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Coeur Mining had a negative return on equity of 0.47% and a negative net margin of 5.92%. The business had revenue of $148.80 million during the quarter, compared to the consensus estimate of $151.15 million. During the same period in the prior year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that Coeur Mining Inc will post -0.13 earnings per share for the current fiscal year.

A number of research firms have weighed in on CDE. Raymond James set a $8.00 target price on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Thursday, November 1st. ValuEngine cut shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 28th. Noble Financial reaffirmed a “buy” rating and set a $8.00 target price on shares of Coeur Mining in a research note on Friday, August 31st. Zacks Investment Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 1st. Finally, TheStreet cut shares of Coeur Mining from a “c-” rating to a “d+” rating in a research note on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $8.96.

Institutional investors have recently modified their holdings of the stock. AGF Investments Inc. grew its stake in shares of Coeur Mining by 4.1% in the second quarter. AGF Investments Inc. now owns 316,900 shares of the basic materials company’s stock worth $2,408,000 after purchasing an additional 12,500 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Coeur Mining by 6.6% in the second quarter. Van ECK Associates Corp now owns 21,000,231 shares of the basic materials company’s stock valued at $159,602,000 after buying an additional 1,300,391 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Coeur Mining by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 979,603 shares of the basic materials company’s stock valued at $7,445,000 after buying an additional 41,500 shares during the period. Millennium Management LLC lifted its holdings in Coeur Mining by 528.7% in the second quarter. Millennium Management LLC now owns 679,686 shares of the basic materials company’s stock valued at $5,166,000 after buying an additional 571,577 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Coeur Mining by 55.7% in the third quarter. Bank of Montreal Can now owns 386,965 shares of the basic materials company’s stock valued at $2,062,000 after buying an additional 138,473 shares during the period. 65.82% of the stock is currently owned by institutional investors.

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About Coeur Mining

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

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

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