Insider Selling: Coeur Mining, Inc. (NYSE:CDE) Director Sells 17,160 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE) Director Eduardo Luna sold 17,160 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the transaction, the director now directly owns 101,841 shares of the company’s stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Coeur Mining Price Performance

NYSE CDE opened at $7.81 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.98. The company has a market cap of $4.99 billion, a PE ratio of 65.05 and a beta of 1.24. The stock’s 50-day moving average price is $6.20 and its two-hundred day moving average price is $6.23.

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

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Coeur Mining by 57.3% in the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock valued at $378,903,000 after purchasing an additional 23,303,638 shares in the last quarter. Sprott Inc. raised its position in Coeur Mining by 889.3% during the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after buying an additional 10,180,102 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Coeur Mining by 72.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock worth $106,801,000 after acquiring an additional 7,579,901 shares in the last quarter. Pale Fire Capital SE purchased a new stake in Coeur Mining in the 1st quarter worth about $29,143,000. Finally, Nuveen LLC acquired a new stake in Coeur Mining during the 1st quarter worth about $27,519,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CDE shares. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Raymond James restated an “outperform” rating and set a $8.50 price objective on shares of Coeur Mining in a research report on Wednesday, April 2nd. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Finally, BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $8.10.

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.