Coeur Mining, Inc. (NYSE:CDE) Director Sells $442,022.30 in Stock

Coeur Mining, Inc. (NYSE:CDE) Director Pierre Beaudoin sold 60,551 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the transaction, the director now directly owns 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Coeur Mining Stock Performance

NYSE CDE traded down $0.19 during trading on Monday, reaching $7.66. The company’s stock had a trading volume of 24,008,520 shares, compared to its average volume of 12,085,578. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 63.80 and a beta of 1.24. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $7.85. The business’s fifty day moving average price is $5.84 and its 200-day moving average price is $6.14.

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

Institutional Trading of Coeur Mining

Several large investors have recently modified their holdings of CDE. Barclays PLC raised its stake in Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock worth $6,624,000 after purchasing an additional 358,097 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after acquiring an additional 665,452 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining during the fourth quarter worth about $57,000. Finally, Contravisory Investment Management Inc. bought a new position in Coeur Mining during the 4th quarter worth approximately $267,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CDE shares. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. TD Securities began coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price target on the stock. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Raymond James reissued an “outperform” rating and issued a $8.50 target price on shares of Coeur Mining in a research note on Wednesday, April 2nd. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.