Coeur Mining (NYSE:CDE) EVP Sells $200,000.00 in Stock

Coeur Mining, Inc. (NYSE:CDE) EVP Casey Nault sold 10,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the transaction, the executive vice president owned 540,086 shares of the company’s stock, valued at approximately $10,801,720. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Stock Performance

CDE opened at $21.07 on Friday. The company has a market capitalization of $21.66 billion, a price-to-earnings ratio of 18.01 and a beta of 1.32. The business’s 50-day moving average price is $16.78 and its two-hundred day moving average price is $18.83. Coeur Mining, Inc. has a 1 year low of $11.50 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The firm’s quarterly revenue was up 125.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. Equities analysts expect that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of CDE. Versant Capital Management Inc boosted its stake in shares of Coeur Mining by 105.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 820 shares during the period. Ancora Advisors LLC bought a new stake in Coeur Mining in the 2nd quarter valued at $26,000. Triumph Capital Management lifted its holdings in Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new position in Coeur Mining during the fourth quarter worth $32,000. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CDE shares. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 29th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Scotiabank decreased their target price on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.