Coeur Mining, Inc. (NYSE:CDE) Director Pierre Beaudoin Sells 60,551 Shares

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the sale, the director now owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Coeur Mining Stock Performance

CDE stock traded up $0.02 on Thursday, reaching $7.41. 7,698,858 shares of the company were exchanged, compared to its average volume of 12,158,772. Coeur Mining, Inc. has a 12 month low of $4.57 and a 12 month high of $7.85. The stock's fifty day moving average price is $5.95 and its 200 day moving average price is $6.17. The firm has a market capitalization of $4.73 billion, a PE ratio of 61.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

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 for the quarter, topping analysts' consensus estimates 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 in the prior year, the company earned ($0.05) EPS. Coeur Mining's quarterly revenue was up 69.0% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently bought and sold shares of the business. Summer Road LLC acquired a new stake in shares of Coeur Mining in the 1st quarter valued at $28,000. GAMMA Investing LLC boosted its stake in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 3,359 shares in the last quarter. City State Bank boosted its stake in shares of Coeur Mining by 56.9% in the 1st 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 in the last quarter. Quarry LP boosted its stake in shares of Coeur Mining by 853.8% in the 4th 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. Finally, Optiver Holding B.V. boosted its stake in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Roth Mkm dropped 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 report on Friday, February 21st. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target on the stock. Finally, TD Securities initiated coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. One analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Coeur Mining has an average rating of "Buy" and an average target price of $8.10.

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.