Coeur Mining (NYSE:CDE) Director Sells $519,250.00 in Stock

Key Points

• Director J. Kenneth Thompson sold 25,000 Coeur Mining shares for $519,250, reducing his direct stake by 8.85% to 257,333 shares.
• Coeur Mining shares rose 1.1% to $21.15, while the company’s latest quarterly results missed expectations: EPS was $0.12 versus $0.26 expected, and revenue was $1.09 billion versus $1.24 billion projected.
• Analysts maintain a “Moderate Buy” consensus with a $25.50 target price, and institutional investors own 63.01% of the company after several major funds increased their positions.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) Director J Kenneth Thompson sold 25,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the transaction, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Coeur Mining Stock Up 1.1%

Shares of NYSE CDE traded up $0.22 during mid-day trading on Thursday, reaching $21.15. The company had a trading volume of 29,494,347 shares, compared to its average volume of 30,073,811. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 18.08 and a beta of 1.32. The stock has a fifty day moving average of $16.61 and a two-hundred day moving average of $18.81. Coeur Mining, Inc. has a 12-month low of $11.41 and a 12-month high of $27.77.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The business's revenue for the quarter was up 125.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CDE shares. Roth Capital set a $19.00 price target on shares of Coeur Mining in a research note on Friday, August 7th. Zacks Research upgraded Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Monday. Canaccord Genuity Group raised Coeur Mining from a "hold" rating to a "buy" rating and set a $26.00 target price on the stock in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered Coeur Mining from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CDE. Bank of America Corp DE boosted its stake in shares of Coeur Mining by 83.2% during the 1st quarter. Bank of America Corp DE now owns 5,429,896 shares of the basic materials company's stock worth $101,919,000 after acquiring an additional 2,466,122 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Coeur Mining by 92.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company's stock valued at $222,922,000 after acquiring an additional 6,012,718 shares in the last quarter. Norges Bank bought a new position in shares of Coeur Mining in the 4th quarter valued at approximately $128,389,000. Allspring Global Investments Holdings LLC lifted its holdings in Coeur Mining by 81.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,681,172 shares of the basic materials company's stock worth $69,896,000 after purchasing an additional 1,653,323 shares during the last quarter. Finally, Electrum Group LLC acquired a new stake in Coeur Mining in the 4th quarter worth approximately $8,582,000. Institutional investors and hedge funds own 63.01% of the company's stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining's portfolio includes five principal operating mines and several exploration projects across North America and Australia.

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