Insider Selling: Coeur Mining (NYSE:CDE) CFO Sells 6,000 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE) CFO Thomas Whelan sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Coeur Mining Stock Performance

Shares of CDE traded up $0.22 during midday trading on Thursday, reaching $21.15. 29,494,347 shares of the stock were exchanged, compared to its average volume of 30,073,811. Coeur Mining, Inc. has a twelve month low of $11.41 and a twelve month 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. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 18.08 and a beta of 1.32. The business’s 50-day moving average price is $16.61 and its 200 day moving average price is $18.81.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.95 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BTG Pactual Asset Management US LLC purchased a new stake in Coeur Mining during the 2nd quarter valued at approximately $1,523,000. New Mexico Educational Retirement Board purchased a new position in shares of Coeur Mining in the 2nd quarter valued at approximately $3,506,000. Public Employees Retirement System of Ohio acquired a new position in shares of Coeur Mining in the second quarter valued at approximately $4,834,000. Parvin Asset Management LLC acquired a new position in shares of Coeur Mining in the second quarter valued at approximately $1,503,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Coeur Mining during the second quarter worth approximately $26,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CDE has been the subject of several research analyst reports. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday. Roth Capital set a $19.00 target price on shares of Coeur Mining in a report on Friday, August 7th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Scotiabank decreased their price target on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.50.

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.