Kenneth J. Watkinson Sells 44,000 Shares of Coeur Mining, Inc. (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth J. Watkinson sold 44,000 shares of Coeur Mining stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the transaction, the chief accounting officer now owns 140,719 shares in the company, valued at approximately $683,894.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Coeur Mining Stock Performance

NYSE:CDE opened at $5.12 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $3.97 and its 200 day simple moving average is $3.21. The stock has a market cap of $2.04 billion, a P/E ratio of -16.52 and a beta of 1.77. Coeur Mining, Inc. has a twelve month low of $2.00 and a twelve month high of $5.47.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The firm had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts predict that Coeur Mining, Inc. will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CDE. Cambridge Investment Research Advisors Inc. boosted its position in shares of Coeur Mining by 141.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 76,253 shares of the basic materials company’s stock valued at $169,000 after purchasing an additional 44,690 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Coeur Mining by 2.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,754,880 shares of the basic materials company’s stock valued at $17,216,000 after buying an additional 150,141 shares in the last quarter. Inspire Investing LLC grew its position in shares of Coeur Mining by 25.9% in the 3rd quarter. Inspire Investing LLC now owns 139,807 shares of the basic materials company’s stock worth $310,000 after buying an additional 28,781 shares during the period. Dubuque Bank & Trust Co bought a new position in shares of Coeur Mining in the 3rd quarter worth about $95,000. Finally, Principal Financial Group Inc. lifted its position in Coeur Mining by 43.5% during the 3rd quarter. Principal Financial Group Inc. now owns 48,718 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 14,768 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

CDE has been the topic of several analyst reports. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective for the company. BMO Capital Markets raised Coeur Mining from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Finally, Raymond James increased their price target on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.36.

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.