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 that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the transaction, the executive vice president directly owned 540,086 shares of the company’s stock, valued at $10,801,720. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Stock Performance

NYSE:CDE traded up $0.22 during trading hours on Thursday, hitting $21.15. 29,494,347 shares of the company were exchanged, compared to its average volume of 30,073,811. 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, Inc. has a 52-week low of $11.41 and a 52-week high of $27.77. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of 18.08 and a beta of 1.32. The company’s 50 day moving average price is $16.61 and its 200-day moving average price is $18.81.

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 analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the business posted $0.20 EPS. The company’s quarterly revenue was up 125.8% on a year-over-year basis. As a group, research analysts forecast that Coeur Mining, Inc. will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDE. Arrowstreet Capital Limited Partnership boosted its holdings in Coeur Mining by 92.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after purchasing an additional 13,418,041 shares during the last quarter. State Street Corp raised its stake in shares of Coeur Mining by 6.7% during the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after buying an additional 1,529,394 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after buying an additional 7,382,955 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Coeur Mining by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock valued at $277,953,000 after buying an additional 524,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Coeur Mining by 34.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after buying an additional 3,291,431 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CDE shares. Canaccord Genuity Group upgraded 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. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. Scotiabank reduced their price objective on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and an average 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.