Insider Selling: Coeur Mining, Inc. (NYSE:CDE) CAO Sells $213,840.00 in Stock

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the sale, the chief accounting officer now owns 140,719 shares in the company, valued at $683,894.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Coeur Mining Trading Down 0.3 %

Shares of NYSE CDE opened at $5.11 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. Coeur Mining, Inc. has a 12 month low of $2.00 and a 12 month high of $5.47. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -16.47 and a beta of 1.77. The business has a fifty day simple moving average of $4.03 and a 200-day simple moving average of $3.23.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $213.10 million during the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. Sell-side analysts predict that Coeur Mining, Inc. will post -0.04 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDE. Atria Wealth Solutions Inc. acquired a new stake in Coeur Mining during the 4th quarter valued at $33,000. Rathbones Group PLC acquired a new position in Coeur Mining during the third quarter valued at $35,000. Forum Financial Management LP purchased a new stake in Coeur Mining in the 4th quarter worth about $40,000. Ballentine Partners LLC acquired a new stake in Coeur Mining during the 1st quarter worth about $46,000. Finally, StoneX Group Inc. purchased a new position in Coeur Mining during the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CDE shares. BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. Raymond James boosted their price objective on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. Finally, Roth Mkm started coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus target price of $4.36.

About Coeur Mining

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.