Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth J. Watkinson Sells 12,350 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the transaction, the chief accounting officer now owns 122,104 shares in the company, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Coeur Mining Stock Performance

Shares of NYSE:CDE traded down $0.19 during trading on Monday, reaching $7.66. 24,008,520 shares of the company's stock traded hands, compared to its average volume of 12,085,580. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company has a 50 day moving average of $5.84 and a 200-day moving average of $6.14. The stock has a market capitalization of $4.89 billion, a P/E ratio of 63.80 and a beta of 1.24. Coeur Mining, Inc. has a 12 month low of $4.57 and a 12 month high of $7.85.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same quarter last year, the firm posted ($0.05) earnings per share. The firm's revenue was up 69.0% on a year-over-year basis. On average, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

CDE has been the topic of a number of recent analyst reports. Raymond James reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. BMO Capital Markets began coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price on the stock. Cormark raised Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Finally, TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $8.10.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 3,359 shares in the last quarter. City State Bank boosted its position in Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 2,274 shares during the last quarter. Quarry LP grew its stake in Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Coeur Mining in the first quarter worth approximately $53,000. Institutional investors and hedge funds 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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