Coeur Mining (NYSE:CDE) EVP Casey Nault Sells 10,000 Shares

Key Points

• Executive vice president Casey Nault sold 10,000 Coeur Mining shares for $210,600 under a pre-arranged Rule 10b5-1 trading plan, reducing their ownership by 1.85% to 530,086 shares.
• Coeur Mining shares rose 1.7% to $21.01, while the company reported quarterly revenue growth of 125.8% year over year but missed earnings and revenue estimates.
• Institutional investors own 63.01% of the stock, and analysts maintain a “Moderate Buy” consensus with an average price target of $25.50.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) EVP Casey Nault sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total transaction of $210,600.00. Following the transaction, the executive vice president owned 530,086 shares in the company, valued at approximately $11,163,611.16. This trade represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coeur Mining Stock Up 1.7%

CDE stock traded up $0.35 during trading on Wednesday, reaching $21.01. The stock had a trading volume of 25,207,771 shares, compared to its average volume of 30,443,078. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of 17.96 and a beta of 1.39. Coeur Mining, Inc. has a one year low of $13.55 and a one year high of $27.77. The company's 50 day moving average is $17.80 and its two-hundred day moving average is $18.77.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business earned $0.20 EPS. Coeur Mining's quarterly revenue was up 125.8% compared to the same quarter last year. Equities research analysts forecast that Coeur Mining, Inc. will post 0.86 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. Arrowstreet Capital Limited Partnership lifted its stake in Coeur Mining by 92.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company's stock valued at $524,669,000 after purchasing an additional 13,418,041 shares during the last quarter. California State Teachers Retirement System increased its position in Coeur Mining by 2,107.0% in the second quarter. California State Teachers Retirement System now owns 26,468,951 shares of the basic materials company's stock worth $431,973,000 after buying an additional 25,269,622 shares during the last quarter. State Street Corp raised its stake in shares of Coeur Mining by 6.7% in the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company's stock valued at $432,390,000 after buying an additional 1,529,394 shares during the period. Tidal Investments LLC raised its stake in shares of Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company's stock valued at $183,709,000 after buying an additional 7,382,955 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Coeur Mining by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company's stock valued at $277,953,000 after buying an additional 524,646 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CDE. Weiss Ratings reissued a "hold (c+)" rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Scotiabank decreased their target price on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company in a research report on Friday, August 7th. Roth Capital set a $19.00 target price on Coeur Mining in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Coeur Mining has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Coeur Mining Company Profile

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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