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 shares were sold at an average price of $7.30, for a total value of $442,022.30. Following the completion of the sale, the director now directly owns 188,362 shares of the company's stock, valued at $1,375,042.60. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Coeur Mining Trading Up 0.6%

NYSE:CDE traded up $0.05 during midday trading on Friday, hitting $7.46. The stock had a trading volume of 29,403,038 shares, compared to its average volume of 12,292,501. The stock has a 50-day moving average of $6.04 and a 200 day moving average of $6.17. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 62.14 and a beta of 1.24. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $7.85. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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 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%. Coeur Mining's quarterly revenue was up 69.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Trading of Coeur Mining

Institutional investors have recently bought and sold shares of the stock. Caxton Associates LLP purchased a new position in shares of Coeur Mining in the first quarter worth about $685,000. Goldman Sachs Group Inc. increased its holdings in Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company's stock worth $49,449,000 after buying an additional 1,278,110 shares during the period. Plancorp LLC raised its position in Coeur Mining by 0.5% during the 1st quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock worth $1,781,000 after buying an additional 1,617 shares during the last quarter. NewEdge Advisors LLC raised its position in Coeur Mining by 4,726,860.0% during the 1st quarter. NewEdge Advisors LLC now owns 236,348 shares of the basic materials company's stock worth $1,399,000 after buying an additional 236,343 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Coeur Mining by 72.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock valued at $106,801,000 after acquiring an additional 7,579,901 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on CDE. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. 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 price objective for the company. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Cormark raised Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. One research 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 MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.