J Kenneth Thompson Sells 25,000 Shares of Coeur Mining (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE) Director J Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $21.07 on Friday. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 18.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The business has a 50-day moving average of $16.78 and a 200 day moving average of $18.83. Coeur Mining, Inc. has a 12 month low of $11.50 and a 12 month high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 125.8% on a year-over-year basis. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Roth Capital set a $19.00 target price on shares of Coeur Mining in a report on Friday, August 7th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Institutional Trading of Coeur Mining

Hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in Coeur Mining during the 2nd quarter worth approximately $26,000. Triumph Capital Management raised its holdings in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 820 shares in the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Coeur Mining during the 4th quarter worth $32,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Coeur Mining during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.