Insider Selling: Coeur Mining (NYSE:CDE) CFO Sells 6,000 Shares of Stock

Key Points

• Coeur Mining CFO Thomas Whelan sold 6,000 shares on August 19 at an average price of $20.87, generating proceeds of $125,220.
• Shares rose 1.1% to $21.15, while the company’s latest quarter fell short of expectations: adjusted EPS was $0.12 versus a $0.26 consensus, and revenue was $1.09 billion versus $1.24 billion expected.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $25.50; hedge funds and other institutional investors own 63.01% of the stock.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CFO Thomas Whelan sold 6,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Coeur Mining Trading Up 1.1%

NYSE:CDE traded up $0.22 during trading hours on Thursday, reaching $21.15. 29,494,347 shares of the stock were exchanged, compared to its average volume of 30,073,811. 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 business has a 50-day moving average of $16.61 and a two-hundred day moving average of $18.81. Coeur Mining, Inc. has a twelve month low of $11.41 and a twelve month high of $27.77. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 18.08 and a beta of 1.32.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data 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 net margin of 26.82% and a return on equity of 11.03%. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.24 billion. During the same period in the previous year, the business posted $0.20 EPS. The company's revenue for the quarter was up 125.8% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining, Inc. will post 0.95 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CDE shares. Wall Street Zen lowered shares of Coeur Mining from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Cantor Fitzgerald lowered Coeur Mining from a "buy" rating to a "hold" rating and set a $19.00 target price on the stock. in a report on Thursday, May 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Canaccord Genuity Group raised Coeur Mining from a "hold" rating to a "buy" rating and set a $26.00 price target for the company in a report on Wednesday, April 29th. Finally, Scotiabank decreased their price target on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Coeur Mining has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently added to or reduced their stakes in CDE. Ancora Advisors LLC acquired a new stake in Coeur Mining during the second quarter worth approximately $26,000. Triumph Capital Management boosted its holdings in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company's stock valued at $29,000 after buying an additional 1,200 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company's stock valued at $26,000 after buying an additional 820 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining in the 4th quarter valued at $32,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $35,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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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