The price of Coeur Mining Inc (NYSE:CDE) shares last traded on Wall Street rose 5.60% to $3.77.
CDE stock price is now 31.08% away from the 50-day moving average and 37.11% away from the 200-day moving average. The market capitalization of the company currently stands at $1.46B.
On September 22, 2023, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $4, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, McGrath Aoife, SVP, Exploration bought 6,200 shares of the company’s stock on Mar 15 ’24. The stock was bought for $20,020 at an average price of $3.23. Upon completion of the transaction, the SVP, Exploration now directly owns 207,308 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’23, VP, Corporate Controller & CAO Watkinson Kenneth J sold 7,000 shares of the business’s stock. A total of $19,684 was realized by selling the stock at an average price of $2.81. This leaves the insider owning 134,051 shares of the company worth $0.51 million. A total of 1.68% of the company’s stock is owned by insiders.
During the past 12 months, Coeur Mining Inc has had a low of $2.00 and a high of $4.55. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 0.92, and a quick ratio of 0.38. The fifty day moving average price for CDE is $2.8992 and a two-hundred day moving average price translates $2.7524 for the stock.
The latest earnings results from Coeur Mining Inc (NYSE: CDE) was released for Dec, 2023. According to the Gold Company, earnings per share came in at -$0.02, missing analysts’ expectations of $0 by -0.02. This compares to $0.17 EPS in the same period last year. The net profit margin was -12.72% and return on equity was -10.83% for CDE. The company reported revenue of $262.09 million for the quarter, compared to $210.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.74 percent. For the current quarter, analysts expect CDE to generate $260M in revenue.
Coeur Mining Inc(CDE) Company Profile
Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d’Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013. Coeur Mining, Inc. was incorporated in 1928 and is headquartered in Chicago, Illinois.
