Aoife Mcgrath Sells 8,000 Shares of Coeur Mining, Inc. (NYSE:CDE) Stock

Key Points

• Aoife Mcgrath, Senior Vice President of Coeur Mining, sold 8,000 shares of the company's stock for approximately $93,520, resulting in a 3.79% decrease in their ownership.
• Coeur Mining recently reported $480.65 million in quarterly revenue, significantly exceeding analysts' expectations and marking a 116.5% year-over-year increase in revenue.
• Analysts have shown optimism towards Coeur Mining with several upgrades, including a "buy" rating from Roth Capital and a price target increase to $13.00.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) SVP Aoife Mcgrath sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00. Following the transaction, the senior vice president owned 203,318 shares in the company, valued at $2,376,787.42. The trade was a 3.79% 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 link.

Coeur Mining Trading Down 2.1%

CDE stock traded down $0.25 on Thursday, reaching $11.58. The company's stock had a trading volume of 17,614,488 shares, compared to its average volume of 16,639,967. The business has a fifty day simple moving average of $9.42 and a two-hundred day simple moving average of $7.41. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $11.97. The firm has a market cap of $7.44 billion, a PE ratio of 31.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%. The company had revenue of $480.65 million during the quarter, compared to analyst estimates of $438.40 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm's revenue was up 116.5% on a year-over-year basis. As a group, research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of recent research reports. Roth Capital reiterated a "buy" rating and set a $13.00 price target on shares of Coeur Mining in a research report on Thursday, August 7th. BMO Capital Markets increased their price objective on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. National Bankshares set a $12.00 price objective on Coeur Mining in a research note on Friday, June 13th. Finally, National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $9.79.

Institutional Trading of Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDE. Ameritas Investment Partners Inc. lifted its position in Coeur Mining by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company's stock valued at $580,000 after buying an additional 1,183 shares during the period. BFI Infinity Ltd. raised its position in shares of Coeur Mining by 3.2% in the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company's stock worth $386,000 after purchasing an additional 1,355 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Coeur Mining by 7.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company's stock worth $210,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Plancorp LLC raised its position in shares of Coeur Mining by 0.5% in the 1st quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock worth $1,781,000 after purchasing an additional 1,617 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

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.

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