Coeur Mining (NYSE:CDE) CAO Sells $725,400.00 in Stock

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth Watkinson sold 39,000 shares of Coeur Mining stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $18.53 on Friday. The business has a fifty day moving average of $18.66 and a 200-day moving average of $19.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining, Inc. has a twelve month low of $8.46 and a twelve month high of $27.77. The firm has a market cap of $19.17 billion, a PE ratio of 15.97 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm’s quarterly revenue was up 137.8% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. On average, equities research analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.02 per share. This represents a dividend yield of 23.0%. The ex-dividend date of this dividend is Friday, May 22nd. Coeur Mining’s dividend payout ratio is 3.45%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in Coeur Mining by 20.9% during the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 517 shares during the period. Grand Central Investment Group raised its stake in Coeur Mining by 1.5% in the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after buying an additional 612 shares during the period. Sanctuary Advisors LLC raised its stake in Coeur Mining by 7.5% in the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after buying an additional 820 shares during the period. Baader Bank Aktiengesellschaft lifted its position in shares of Coeur Mining by 2.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after buying an additional 935 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Coeur Mining by 32.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 957 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CDE. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price objective for the company. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, April 29th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price target on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.56.

About Coeur Mining

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.