Coeur Mining, Inc. (NYSE:CDE) Chairman Robert E. Mellor Purchases 5,000 Shares

Coeur Mining, Inc. (NYSE:CDE – Get Rating) Chairman Robert E. Mellor bought 5,000 shares of Coeur Mining stock in a transaction dated Thursday, May 25th. The shares were bought at an average cost of $3.00 per share, with a total value of $15,000.00. Following the completion of the transaction, the chairman now directly owns 239,188 shares in the company, valued at $717,564. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Coeur Mining Trading Up 0.3 %

Shares of CDE traded up $0.01 during trading hours on Friday, reaching $2.99. 6,854,946 shares of the company traded hands, compared to its average volume of 5,314,348. The company’s fifty day moving average price is $3.61 and its two-hundred day moving average price is $3.52. The company has a market capitalization of $995.79 million, a price-to-earnings ratio of -7.45 and a beta of 1.57. The company has a quick ratio of 0.59, a current ratio of 1.27 and a debt-to-equity ratio of 0.49. Coeur Mining, Inc. has a 12 month low of $2.54 and a 12 month high of $4.55.

Coeur Mining (NYSE:CDE – Get Rating) last announced its earnings results on Wednesday, February 22nd. The basic materials company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $210.12 million for the quarter, compared to analyst estimates of $204.82 million. Coeur Mining had a negative net margin of 14.08% and a negative return on equity of 12.34%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. Equities research analysts predict that Coeur Mining, Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its stake in Coeur Mining by 334.6% during the third quarter. Nisa Investment Advisors LLC now owns 9,257 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 7,127 shares in the last quarter. Verition Fund Management LLC purchased a new position in Coeur Mining in the third quarter worth about $36,000. Synovus Financial Corp purchased a new position in Coeur Mining in the first quarter worth about $43,000. Point72 Middle East FZE purchased a new position in shares of Coeur Mining during the fourth quarter valued at approximately $36,000. Finally, Greenleaf Trust purchased a new position in shares of Coeur Mining during the third quarter valued at approximately $38,000. Institutional investors own 64.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CDE shares. Raymond James cut their price objective on shares of Coeur Mining from $4.25 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, May 16th. StockNews.com assumed coverage on shares of Coeur Mining in a report on Thursday, May 18th. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Coeur Mining presently has a consensus rating of “Hold” and an average target price of $3.60.

About Coeur Mining

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Coeur Mining, Inc engages in the exploration and development of silver and gold mining properties and mines located in United States, Canada and Mexico. It operates through the following segments: Palmarejo. Rochester, Kensington, and Wharf. The Palmarejo segment includes a gold-silver complex. The Rochester segment operates an open pit heap leach silver-gold mine located in northwestern Nevada.