Kenneth Watkinson Sells 39,000 Shares of Coeur Mining (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth Watkinson sold 39,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Coeur Mining Stock Performance

Shares of CDE stock opened at $18.16 on Thursday. The company’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $19.60. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week high of $27.77. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The company has a market cap of $18.79 billion, a PE ratio of 15.66 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business’s revenue was up 137.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be issued a dividend of $0.02 per share. This represents a yield of 23.0%. The ex-dividend date of this dividend is Friday, May 22nd. Coeur Mining’s dividend payout ratio (DPR) is presently 3.45%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sprott Inc. boosted its stake in Coeur Mining by 2.0% during the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock valued at $172,743,000 after acquiring an additional 176,388 shares during the last quarter. Van ECK Associates Corp boosted its stake in Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after acquiring an additional 23,646,265 shares during the last quarter. Algert Global LLC boosted its stake in Coeur Mining by 65.1% during the 3rd quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock valued at $9,884,000 after acquiring an additional 207,670 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after acquiring an additional 6,352,828 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Coeur Mining by 498.8% during the 3rd quarter. Victory Capital Management Inc. now owns 664,840 shares of the basic materials company’s stock valued at $12,472,000 after acquiring an additional 553,814 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Royal Bank Of Canada raised their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Finally, Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and an average target price of $24.56.

About Coeur Mining

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.