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.
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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