Coeur Mining, Inc. (NYSE:CDE) SVP Hans John Rasmussen Sells 15,000 Shares of Stock

Posted by on Feb 23rd, 2021 // Comments off

Coeur Mining, Inc. (NYSE:CDE) SVP Hans John Rasmussen sold 15,000 shares of Coeur Mining stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $8.62, for a total value of $129,300.00.

CDE stock opened at $10.09 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 1.16. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -9.34 and a beta of 1.98. The firm has a 50 day moving average price of $9.17 and a 200-day moving average price of $8.42. Coeur Mining, Inc. has a 52-week low of $1.98 and a 52-week high of $12.60.

Coeur Mining (NYSE:CDE) last released its earnings results on Tuesday, February 16th. The basic materials company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). Coeur Mining had a positive return on equity of 5.56% and a negative net margin of 34.20%. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 0.31 earnings per share for the current fiscal year.

A number of equities analysts have commented on the company. Raymond James set a $11.00 price target on Coeur Mining and gave the stock a “market perform” rating in a research note on Friday. Zacks Investment Research lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Thursday, February 18th. Canaccord Genuity downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Thursday, December 17th. They noted that the move was a valuation call. Finally, Roth Capital upgraded Coeur Mining from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.94.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Coeur Mining by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 187,067 shares of the basic materials company’s stock worth $1,937,000 after acquiring an additional 37,879 shares during the last quarter. Truist Financial Corp bought a new position in shares of Coeur Mining during the fourth quarter valued at $297,000. Voloridge Investment Management LLC boosted its position in shares of Coeur Mining by 396.0% during the fourth quarter. Voloridge Investment Management LLC now owns 431,210 shares of the basic materials company’s stock valued at $4,463,000 after buying an additional 344,267 shares during the last quarter. Morgan Stanley raised its position in Coeur Mining by 366.2% in the 4th quarter. Morgan Stanley now owns 1,422,709 shares of the basic materials company’s stock worth $14,724,000 after buying an additional 1,117,543 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Coeur Mining by 20.9% during the 4th quarter. Nuveen Asset Management LLC now owns 2,489,844 shares of the basic materials company’s stock valued at $25,770,000 after acquiring an additional 430,936 shares during the period. Hedge funds and other institutional investors own 62.34% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 112,520 net acres located in Mexico; the Rochester silver and gold mine covers an area of approximately 16,494 net acres situated in Nevada; the Kensington gold mine comprising 12,336 net acres located in Alaska; the Wharf gold mine covering an area of approximately 7,852 net acres situated in South Dakota; and the Silvertip silver-zinc-lead mine comprising 90,156 net acres located in British Columbia, Canada.

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