Insider Selling: 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 completion of the sale, the executive vice president owned 530,086 shares in the company, valued at approximately $11,163,611.16. This trade represents a 1.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Stock Up 1.2%

NYSE:CDE opened at $20.59 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 17.60 and a beta of 1.39. Coeur Mining, Inc. has a one year low of $13.55 and a one year high of $27.77. The stock has a 50-day simple moving average of $18.02 and a 200 day simple moving average of $18.73.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data 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). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company earned $0.20 EPS. The company’s quarterly revenue was up 125.8% compared to the same quarter last year. Sell-side analysts predict that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on CDE shares. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Scotiabank lowered their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ZEGA Investments LLC boosted its stake in Coeur Mining by 4.8% during the 2nd quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 481 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after buying an additional 517 shares during the period. Grand Central Investment Group lifted its holdings in shares of 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 boosted its stake in Coeur Mining by 7.5% during 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 in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc (NYSE: CDE) is a precious metals mining company that explores for, develops, and produces gold and silver. The company’s activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur’s operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.