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

Coeur Mining, Inc. (NYSE:CDE) EVP Casey Nault sold 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the transaction, the executive vice president owned 540,086 shares of the company’s stock, valued at $10,801,720. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Trading Down 0.2%

NYSE:CDE opened at $21.07 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. Coeur Mining, Inc. has a one year low of $11.50 and a one year high of $27.77. The company has a market cap of $21.66 billion, a PE ratio of 18.01 and a beta of 1.32. The firm has a 50-day moving average of $16.78 and a 200-day moving average of $18.83.

Coeur Mining (NYSE:CDE) last announced its quarterly 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 during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

CDE has been the topic of a number of recent research reports. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Thursday, May 7th. Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of CDE. Arrowstreet Capital Limited Partnership increased its position in shares of Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after acquiring an additional 13,418,041 shares during the last quarter. State Street Corp lifted its holdings in Coeur Mining by 6.7% during the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock worth $432,390,000 after acquiring an additional 1,529,394 shares during the period. Tidal Investments LLC boosted its position in Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares during the last quarter. Geode Capital Management LLC boosted its position in Coeur Mining by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after purchasing an additional 524,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Coeur Mining by 34.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after purchasing an additional 3,291,431 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.