Coeur Mining (NYSE:CDE) Director Sells 25,000 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE) Director J Kenneth Thompson sold 25,000 shares of Coeur Mining stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the transaction, the director owned 257,333 shares in the company, valued at $5,344,806.41. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Coeur Mining Stock Performance

Coeur Mining stock traded up $0.22 on Thursday, reaching $21.15. 29,494,347 shares of the stock were exchanged, compared to its average volume of 30,073,811. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a twelve month low of $11.41 and a twelve month high of $27.77. The firm has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $18.81. The stock has a market cap of $21.74 billion, a PE ratio of 18.08 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 125.8% on a year-over-year basis. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.95 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth bought a new position in Coeur Mining in the first quarter worth $60,000. Finally, Intech Investment Management LLC lifted its position in Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after purchasing an additional 99,256 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CDE. Cantor Fitzgerald lowered 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. Scotiabank lowered their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. 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. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday. One 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 company’s stock. According to data from MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and an average price target of $25.50.

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.