Coeur Mining (NYSE:CDE) SVP Sells $1,227,084.00 in Stock

Key Points

• Coeur Mining's SVP, Casey Nault, sold 102,257 shares for approximately $1,227,084, reducing their position by 15.24%.
• The company's stock recently traded at $12.15, with a one-year price range between $4.58 and $12.31.
• Coeur Mining reported a 116.5% increase in revenue year-over-year, totaling $480.65 million, and EPS of $0.20 for the last quarter.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) SVP Casey Nault sold 102,257 shares of Coeur Mining stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the completion of the transaction, the senior vice president owned 568,623 shares in the company, valued at approximately $6,823,476. This trade represents a 15.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Coeur Mining Price Performance

Shares of CDE traded up $0.08 during trading hours on Monday, hitting $12.15. 7,902,320 shares of the company were exchanged, compared to its average volume of 16,468,701. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The company has a market capitalization of $7.81 billion, a PE ratio of 32.84 and a beta of 1.16. The firm has a fifty day simple moving average of $9.74 and a 200-day simple moving average of $7.67. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $12.31.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its 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 return on equity of 14.38% and a net margin of 13.06%.The business had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same period in the prior year, the business posted ($0.01) earnings per share. Coeur Mining's revenue was up 116.5% compared to the same quarter last year. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marex Group plc acquired a new stake in shares of Coeur Mining during the 2nd quarter valued at $426,000. Hudson Bay Capital Management LP purchased a new stake in shares of Coeur Mining during the second quarter worth $1,066,000. FORA Capital LLC acquired a new stake in Coeur Mining during the second quarter valued at $1,395,000. Headlands Technologies LLC grew its stake in Coeur Mining by 352.0% in the second quarter. Headlands Technologies LLC now owns 108,655 shares of the basic materials company's stock valued at $963,000 after purchasing an additional 84,615 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Coeur Mining by 13.7% in the second quarter. CANADA LIFE ASSURANCE Co now owns 169,933 shares of the basic materials company's stock valued at $1,508,000 after purchasing an additional 20,470 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CDE shares. BMO Capital Markets raised their target price on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Roth Capital reissued a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a research note on Thursday, August 7th. Finally, Zacks Research upgraded Coeur Mining to a "hold" rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $9.79.

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.

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