Insider Selling: Coeur Mining, Inc. (NYSE:CDE) CAO Sells 12,350 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CAO Kenneth J. Watkinson sold 12,350 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now owns 122,104 shares of the company's stock, valued at $903,569.60. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Coeur Mining Stock Performance

NYSE CDE traded up $0.05 on Friday, hitting $7.46. 29,403,038 shares of the stock were exchanged, compared to its average volume of 12,292,501. 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 business's fifty day moving average is $6.04 and its 200 day moving average is $6.17. Coeur Mining, Inc. has a 52 week low of $4.57 and a 52 week high of $7.85. The company has a market capitalization of $4.77 billion, a PE ratio of 62.14 and a beta of 1.24.

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

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after purchasing an additional 665,452 shares during the last quarter. US Bancorp DE increased its holdings in shares of Coeur Mining by 595.5% in the fourth quarter. US Bancorp DE now owns 87,962 shares of the basic materials company's stock valued at $503,000 after purchasing an additional 75,314 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Coeur Mining by 2,203.1% in the fourth quarter. Russell Investments Group Ltd. now owns 232,916 shares of the basic materials company's stock valued at $1,332,000 after purchasing an additional 222,803 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Coeur Mining in the fourth quarter valued at $267,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Coeur Mining by 253.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock valued at $8,419,000 after purchasing an additional 1,055,084 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CDE. BMO Capital Markets began coverage on shares of 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 shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. TD Securities assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. Roth Mkm cut their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $8.10.

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.