Mitchell Krebs Sells 125,000 Shares of Coeur Mining (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE) CEO Mitchell Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the sale, the chief executive officer directly owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. The trade was a 5.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Coeur Mining Stock Down 1.6%

CDE stock opened at $14.32 on Wednesday. The firm has a market cap of $9.20 billion, a PE ratio of 38.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The firm’s 50 day moving average price is $10.81 and its 200-day moving average price is $8.23. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $14.93.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The business’s revenue for the quarter was up 116.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) EPS. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

CDE has been the topic of several analyst reports. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research report on Thursday, June 12th. BMO Capital Markets boosted their target price on Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Roth Capital reissued a “buy” rating and issued a $13.00 target price on shares of Coeur Mining in a research report on Thursday, August 7th. Zacks Research raised Coeur Mining to a “hold” rating in a research report on Tuesday, August 12th. Finally, National Bankshares set a $12.00 target price on Coeur Mining in a research report on Friday, June 13th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Coeur Mining presently has an average rating of “Buy” and a consensus price target of $9.79.

Institutional Trading of Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the period. MAI Capital Management acquired a new position in shares of Coeur Mining in the first quarter worth $25,000. Luminist Capital LLC acquired a new position in shares of Coeur Mining in the second quarter worth $40,000. Summer Road LLC acquired a new position in shares of Coeur Mining in the first quarter worth $28,000. Finally, City State Bank grew its stake in shares of Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 2,274 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.