Coeur Mining, Inc. (NYSE:CDE) Experiences Lighter than Average Trading Volume


Coeur Mining, Inc. shares had a trading volume of 2,310K in the last trading session. Shares saw a steep decrease in trading volume of 45.28% under the normal average daily volume.

Here is the rundown on market activity for Coeur Mining, Inc. (NYSE:CDE). Mark Spurbeck, VP reported the sale of 16,400 shares of CDE stock. The shares were purchased at an average price of $9.76. Spurbeck now owns $1,217,013 of the stock per the Form 4 SEC filing. Robert E. Mellor, Chairman disclosed the purchase of 1,000 shares of (CDE). The shares were bought on May 24th for an average price of $9.36. The Chairman now owns $1,078,272 of the stock according to the SEC filing.

These funds have also shifted positions in (CDE). As of the end of the quarter Frontier Capital Management Co LLC had sold a total of 25,246 shares trimming its position 0.9%. The value of the total investment in Coeur Mining, Inc. went from $22,029,000 to $23,175,000 increasing 5.2% for the reporting period. Federated Investors Inc /pa/ added to its stake by buying 127 shares an increase of 8.8% from 03/31/2017 to 06/30/2017. Federated Investors Inc /pa/ currently owns 1,566 shares valued at $13,000. The value of the position overall is up by 8.3%.

Alps Advisors Inc augmented its holdings by buying 871,597 shares an increase of 146.1% as of 06/30/2017. Alps Advisors Inc claims 1,468,084 shares worth $12,596,000. The total value of its holdings increased 161.3%. As of quarter end BNP Paribas Arbitrage, SA had acquired 19,207 shares growing its stake by 30.5%. The value of the investment in Coeur Mining, Inc. increased from $509,000 to $705,000 a change of 38.5% quarter over quarter.

Canaccord Genuity began coverage of the stock by announcing an initial rating of “Buy”. On October 3 the stock rating was upgraded to “Hold” from “Sell” by Deutsche Bank.

On August 30 the company was rated “” according to a CIBC report which was a boost from the previous “” rating. On July 14 the company was upgraded from “Sector Perform” to “Outperform” in a statement from RBC Capital.

On June 27 the company was upgraded from “” to “” in an announcement from Raymond James. Equity analyst RBC Capital initiated coverage on the stock with a rating of “Sector Perform” and price target of $9.00.

The company is now down by -1.65 percent from yesterday’s close. The stock is trading at $7.77 which is marginally lower than $8.45, the 50 day moving average and a bit lower than the 200 day moving average of $9.07. The 50 day moving average was down $-0.68 and the 200 day average went down by -14.32%.

The company currently has a P/E ratio of 20.18 and the market cap of the company is 1.41B. As of the last earnings report the EPS was $0.38 and is expected to be $0.16 for the current year with 181,451,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.07 with next year’s EPS anticipated to be $0.46.

Coeur Mining, Inc., launched on May 15, 2013, is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. The Business’s segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other..