Kenneth J. Watkinson Sells 8,000 Shares of Coeur Mining, Inc. (NYSE:CDE) Stock

Key Points

• Kenneth J. Watkinson, the chief accounting officer of Coeur Mining, sold 8,000 shares at an average price of $11.62, reducing his stake by 5.30% to 143,007 shares valued at approximately $1.66 million.
• Coeur Mining recently reported an earnings per share (EPS) of $0.20 for the quarter, beating expectations and showing a 116.5% increase in revenue year-over-year.
• Several analysts have upgraded Coeur Mining's stock rating, with BMO Capital raising the price target from $11.00 to $12.00 and a majority of analysts currently rating it as a "Buy".

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CAO Kenneth J. Watkinson sold 8,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the transaction, the chief accounting officer directly owned 143,007 shares of the company's stock, valued at $1,661,741.34. This represents a 5.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Coeur Mining Stock Performance

NYSE:CDE traded down $0.05 during mid-day trading on Monday, reaching $11.61. The company's stock had a trading volume of 15,472,842 shares, compared to its average volume of 16,683,965. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The stock has a market cap of $7.46 billion, a P/E ratio of 31.36 and a beta of 1.16. The firm's fifty day moving average price is $9.30 and its two-hundred day moving average price is $7.35. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $11.76.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Coeur Mining by 57.3% in the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock worth $378,903,000 after purchasing an additional 23,303,638 shares during the period. Sprott Inc. grew its position in shares of Coeur Mining by 889.3% during the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company's stock valued at $66,963,000 after acquiring an additional 10,180,102 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Coeur Mining by 72.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock worth $106,801,000 after purchasing an additional 7,579,901 shares in the last quarter. Pale Fire Capital SE bought a new position in Coeur Mining in the 1st quarter worth $29,143,000. Finally, Nuveen LLC bought a new position in Coeur Mining in the 1st quarter worth $27,519,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

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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