Coeur Mining (NYSE:CDE) EVP Sells $210,600.00 in Stock

Coeur Mining, Inc. (NYSE:CDE) EVP Casey Nault sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $21.06, for a total transaction of $210,600.00. Following the sale, the executive vice president directly owned 530,086 shares in the company, valued at approximately $11,163,611.16. This trade represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Stock Performance

NYSE:CDE traded up $0.35 on Wednesday, reaching $21.01. 25,207,771 shares of the company’s stock were exchanged, compared to its average volume of 30,443,078. The firm has a market cap of $21.60 billion, a price-to-earnings ratio of 17.96 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The stock has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $18.77. Coeur Mining, Inc. has a 52 week low of $13.55 and a 52 week high of $27.77.

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

Analyst Upgrades and Downgrades

CDE has been the topic of a number of analyst reports. Roth Capital set a $19.00 target price on shares of Coeur Mining in a report on Friday, August 7th. Scotiabank reduced their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently bought and sold shares of CDE. Integrated Wealth Concepts LLC bought a new stake in Coeur Mining during the 2nd quarter worth approximately $170,000. RFG Advisory LLC boosted its holdings in Coeur Mining by 4.4% in the 2nd quarter. RFG Advisory LLC now owns 70,918 shares of the basic materials company’s stock valued at $1,157,000 after purchasing an additional 3,005 shares during the period. IFP Advisors Inc boosted its holdings in Coeur Mining by 74.4% in the 2nd quarter. IFP Advisors Inc now owns 4,155 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 1,773 shares during the period. Baird Financial Group Inc. purchased a new position in shares of Coeur Mining during the 2nd quarter valued at $16,789,000. Finally, Allworth Financial LP grew its position in shares of Coeur Mining by 45.4% during the 2nd quarter. Allworth Financial LP now owns 6,925 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 2,161 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.