Coeur Mining (NYSE:CDE) CFO Sells $125,220.00 in Stock

Coeur Mining, Inc. (NYSE:CDE) CFO Thomas Whelan sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Coeur Mining Stock Down 0.2%

Shares of Coeur Mining stock opened at $21.07 on Friday. The business’s fifty day moving average price is $16.78 and its two-hundred day moving average price is $18.83. 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 company has a market capitalization of $21.66 billion, a P/E ratio of 18.01 and a beta of 1.32. Coeur Mining, Inc. has a 1-year low of $11.50 and a 1-year high of $27.77.

Coeur Mining (NYSE:CDE) last announced 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). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The company’s revenue was up 125.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. As a group, research analysts forecast that Coeur Mining, Inc. will post 0.86 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research report on Friday, August 7th. Scotiabank dropped their price target on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Thursday, May 7th. Finally, Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings in Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after buying an additional 13,418,041 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after acquiring an additional 7,382,955 shares during the last quarter. Norges Bank acquired a new stake in shares of Coeur Mining during the 4th quarter valued at $128,389,000. Bank of New York Mellon Corp acquired a new stake in shares of Coeur Mining during the 2nd quarter valued at $104,760,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Coeur Mining by 889.6% during the 1st quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock worth $128,965,000 after acquiring an additional 6,176,524 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.