Thomas Whelan Sells 6,000 Shares of Coeur Mining (NYSE:CDE) Stock

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

Coeur Mining Trading Down 0.2%

Coeur Mining stock opened at $21.07 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The business’s 50-day simple moving average is $16.78 and its 200-day simple moving average is $18.83. The firm has a market capitalization of $21.66 billion, a PE ratio of 18.01 and a beta of 1.32. Coeur Mining, Inc. has a 52 week low of $11.50 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business 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 for the quarter was up 125.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Equities research analysts forecast that Coeur Mining, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CDE. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, April 29th. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 7th. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. One equities 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its stake in Coeur Mining by 30.7% in the second quarter. Concurrent Investment Advisors LLC now owns 54,712 shares of the basic materials company’s stock worth $893,000 after purchasing an additional 12,865 shares in the last quarter. Nykredit A S acquired a new position in Coeur Mining during the 2nd quarter worth $2,456,000. B. Metzler seel. Sohn & Co. AG boosted its position in Coeur Mining by 18.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 25,243 shares of the basic materials company’s stock valued at $412,000 after buying an additional 3,971 shares during the last quarter. BTG Pactual Asset Management US LLC bought a new position in Coeur Mining in the 2nd quarter valued at $1,523,000. Finally, New Mexico Educational Retirement Board acquired a new stake in shares of Coeur Mining in the 2nd quarter valued at $3,506,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.