Coeur Mining, Inc. (NYSE:CDE) SVP Sells $1,002,000.00 in Stock

Key Points

• Coeur Mining's SVP, Casey M. Nault, sold 100,000 shares for $1,002,000, reducing their ownership by 12.97% to 670,880 shares valued at approximately $6.72 million.
• Coeur Mining reported $0.20 earnings per share for the last quarter, exceeding estimates, with a revenue increase of 116.5% year-over-year, totaling $480.65 million.
• Institutional investors have increased their holdings in Coeur Mining, with Vanguard Group boosting its position by 57.3% and Sprott Inc. increasing its stake by 889.3% in the first quarter.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) SVP Casey M. Nault sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $10.02, for a total value of $1,002,000.00. Following the transaction, the senior vice president owned 670,880 shares in the company, valued at $6,722,217.60. This trade represents a 12.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Coeur Mining Stock Performance

Shares of CDE traded up $0.07 during trading hours on Monday, reaching $11.72. 10,254,272 shares of the company traded hands, compared to its average volume of 16,643,449. The stock has a market capitalization of $7.53 billion, a P/E ratio of 31.72 and a beta of 1.16. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $11.73. The business has a fifty day moving average price of $9.24 and a 200-day moving average price of $7.31.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The company had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The firm's revenue was up 116.5% on a year-over-year basis. Equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets upped their price target on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Thursday. Roth Capital reissued a "buy" rating and set a $13.00 price target on shares of Coeur Mining in a report on Thursday. National Bankshares set a $12.00 price objective on Coeur Mining in a research note on Friday, June 13th. Finally, National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $9.79.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MAI Capital Management acquired a new stake in shares of Coeur Mining during the 1st quarter worth approximately $25,000. Summer Road LLC acquired a new stake in shares of Coeur Mining during the 1st quarter worth approximately $28,000. City State Bank increased its holdings in shares of Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after buying an additional 2,274 shares during the last quarter. Quarry LP increased its holdings in shares of Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after buying an additional 5,968 shares during the last quarter. Finally, Optiver Holding B.V. increased its holdings 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 buying an additional 4,903 shares during the last quarter. 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.