Coeur Mining, Inc. (NYSE:CDE) CAO Sells $213,840.00 in Stock

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CAO Kenneth J. Watkinson sold 44,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the sale, the chief accounting officer now directly owns 140,719 shares of the company's stock, valued at $683,894.34. The transaction was disclosed in a filing with the SEC, which is available at this link.

Coeur Mining Price Performance

Shares of CDE traded up $0.26 on Monday, reaching $5.14. The stock had a trading volume of 8,389,872 shares, compared to its average volume of 7,601,459. Coeur Mining, Inc. has a twelve month low of $2.00 and a twelve month high of $5.47. The firm has a market capitalization of $2.05 billion, a PE ratio of -16.58 and a beta of 1.77. The firm has a 50-day moving average of $3.92 and a 200 day moving average of $3.20. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. During the same quarter last year, the business posted ($0.11) earnings per share. Coeur Mining's revenue was up 13.8% compared to the same quarter last year. Sell-side analysts expect that Coeur Mining, Inc. will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

CDE has been the subject of a number of analyst reports. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a "buy" rating and a $5.40 price target for the company. Raymond James raised their price target on Coeur Mining from $3.75 to $4.00 and gave the company a "market perform" rating in a research note on Monday, April 8th. Roth Capital reiterated a "buy" rating on shares of Coeur Mining in a research note on Tuesday, April 9th. BMO Capital Markets raised Coeur Mining from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $4.25 to $5.50 in a report on Friday. Finally, National Bank Financial reissued an "outperform spec market weight" rating on shares of Coeur Mining in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $4.36.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of CDE. Jupiter Asset Management Ltd. lifted its position in Coeur Mining by 95.9% in the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company's stock worth $22,746,000 after purchasing an additional 5,017,119 shares during the period. Vanguard Group Inc. boosted its holdings in Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company's stock worth $116,885,000 after purchasing an additional 3,989,352 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Coeur Mining by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company's stock worth $118,269,000 after purchasing an additional 3,556,959 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company's stock valued at $30,832,000 after acquiring an additional 1,702,840 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Coeur Mining by 164.4% during the third quarter. Deutsche Bank AG now owns 2,287,978 shares of the basic materials company's stock valued at $5,079,000 after acquiring an additional 1,422,710 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.