Coeur Mining (CDE) : Traders are bullish on Coeur Mining (CDE) as it has outperformed the S&P 500 by a wide margin of 41.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.72% in the last 1 week, and is up 47.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 25.55% and the 50-Day Moving Average is 49.39%.
Coeur Mining (NYSE:CDE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.51 and $13.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.71, notching a gain of 0.51% for the day. The total traded volume was 5,147,035 . The stock had closed at $13.64 on the previous day.
The company Insiders own 1.53% of Coeur Mining shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.01% . Institutional Investors own 55.28% of Coeur Mining shares. During last six month period, the net percent change held by insiders has seen a change of 0.84%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman (non-executive)) of Coeur Mining, Inc., Mellor Robert E, had purchased 2,000 shares in a transaction dated on April 29, 2016. The transaction was executed at $7.84 per share with total amount equaling $15,680.
Coeur Mining, Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia, and exploration projects in Mexico and Argentina. The Companys segments include Palmarejo, San Bartolome, Rochester, Kensington, La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. The San Bartolome silver mine, operated by Manquiri, is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County, Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State, Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.