Coeur Mining (NYSE:CDE) EVP Casey Nault Sells 10,000 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE) EVP Casey Nault sold 10,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $21.06, for a total value of $210,600.00. Following the sale, the executive vice president directly owned 530,086 shares in the company, valued at $11,163,611.16. This trade represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Price Performance

NYSE CDE opened at $21.01 on Thursday. Coeur Mining, Inc. has a one year low of $13.55 and a one year high of $27.77. The stock has a 50-day moving average of $17.89 and a 200 day moving average of $18.75. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of 17.96 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining’s revenue was up 125.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. On average, sell-side analysts forecast that Coeur Mining, Inc. will post 0.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CDE shares. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a research report on Friday, August 7th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Scotiabank lowered their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.50.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently made changes to their positions in CDE. Versant Capital Management Inc lifted its stake 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 worth $26,000 after purchasing an additional 820 shares during the period. Ancora Advisors LLC bought a new position in Coeur Mining in the second quarter worth approximately $26,000. Triumph Capital Management raised its position in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,200 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new stake in shares of Coeur Mining during the 4th quarter valued at $32,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Company Profile

Coeur Mining, Inc (NYSE: CDE) is a precious metals mining company that explores for, develops, and produces gold and silver. The company’s activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur’s operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.