Coeur Mining, Inc. (NYSE:CDE) CAO Sells $91,390.00 in Stock

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth J. Watkinson sold 12,350 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the sale, the chief accounting officer now owns 122,104 shares of the company’s stock, valued at approximately $903,569.60. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Coeur Mining Stock Down 3.5%

CDE stock opened at $7.37 on Thursday. Coeur Mining, Inc. has a 52-week low of $4.57 and a 52-week high of $7.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 61.42 and a beta of 1.24. The company has a 50-day moving average of $5.95 and a two-hundred day moving average of $6.17.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same period in the prior year, the company posted ($0.05) EPS. The company’s revenue for the quarter was up 69.0% on a year-over-year basis. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets assumed coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price on the stock. Raymond James reaffirmed an “outperform” rating and set a $8.50 price objective on shares of Coeur Mining in a research report on Wednesday, April 2nd. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Roth Mkm decreased their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $8.10.

Hedge Funds Weigh In On Coeur Mining

Several large investors have recently bought and sold shares of CDE. Summer Road LLC bought a new position in shares of Coeur Mining during the 1st quarter worth about $28,000. GAMMA Investing LLC grew its position in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares in the last quarter. City State Bank increased its stake in Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 2,274 shares during the period. Quarry LP raised its holdings in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 5,968 shares in the last quarter. Finally, Optiver Holding B.V. raised its holdings in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.