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

Key Points

• Coeur Mining EVP Casey Nault sold 10,000 shares at an average price of $20, generating $200,000. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving Nault with 540,086 shares.
• Coeur Mining shares rose 1.1% to $21.15, while the company’s latest quarterly results fell short of expectations: adjusted earnings were $0.12 per share versus a $0.26 consensus, and revenue was $1.09 billion versus $1.24 billion expected.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $25.50, while institutional investors own 63.01% of the company’s stock.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) EVP Casey Nault sold 10,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the transaction, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Stock Up 1.1%

Shares of CDE traded up $0.22 during midday trading on Thursday, reaching $21.15. 29,494,347 shares of the stock were exchanged, compared to its average volume of 30,073,811. Coeur Mining, Inc. has a 52 week low of $11.41 and a 52 week high of $27.77. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. The company's 50 day moving average is $16.61 and its two-hundred day moving average is $18.81. The company has a market capitalization of $21.74 billion, a P/E ratio of 18.08 and a beta of 1.32.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data 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). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm 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 earned $0.20 earnings per share. The business's revenue was up 125.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CDE shares. Zacks Research raised shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a research report on Monday. Scotiabank cut their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an "outperform" rating on the stock in a report on Friday, August 7th. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a research note on Friday, August 7th. Cantor Fitzgerald cut Coeur Mining from a "buy" rating to a "hold" rating and set a $19.00 target price on the stock. in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group raised 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Coeur Mining has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CDE. Bank of America Corp DE boosted its position in shares of Coeur Mining by 83.2% in the 1st quarter. Bank of America Corp DE now owns 5,429,896 shares of the basic materials company's stock worth $101,919,000 after purchasing an additional 2,466,122 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Coeur Mining by 92.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company's stock valued at $222,922,000 after buying an additional 6,012,718 shares in the last quarter. Norges Bank acquired a new position in Coeur Mining during the 4th quarter valued at about $128,389,000. Allspring Global Investments Holdings LLC raised its stake in Coeur Mining by 81.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,681,172 shares of the basic materials company's stock valued at $69,896,000 after buying an additional 1,653,323 shares during the last quarter. Finally, Eschler Asset Management LLP purchased a new stake in Coeur Mining in the fourth quarter valued at about $2,295,000. Institutional investors 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.

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