Sebastian Edwards Sells 20,000 Shares of Coeur Mining, Inc. (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) Director Sebastian Edwards sold 20,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total value of $101,600.00. Following the sale, the director now owns 103,100 shares in the company, valued at approximately $523,748. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Coeur Mining Trading Down 0.3 %

NYSE:CDE traded down $0.01 during mid-day trading on Wednesday, hitting $5.11. The company had a trading volume of 4,343,694 shares, compared to its average volume of 7,530,342. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $5.47. The business's fifty day moving average is $4.03 and its two-hundred day moving average is $3.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. The firm has a market cap of $2.04 billion, a P/E ratio of -16.47 and a beta of 1.77.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, beating 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 firm had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. As a group, research analysts expect that Coeur Mining, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CDE has been the topic of several research analyst reports. Roth Mkm started coverage on Coeur Mining in a report on Tuesday, April 9th. They set a "buy" rating and a $5.40 target price on the stock. BMO Capital Markets raised Coeur Mining from a "market perform" rating to an "outperform" rating and upped their price target for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. Roth Capital reaffirmed a "buy" rating on shares of Coeur Mining in a research note on Tuesday, April 9th. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Monday, April 8th. Finally, Raymond James upped 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $4.36.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of the business. ProShare Advisors LLC raised its position in shares of Coeur Mining by 17.6% during the first quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company's stock worth $243,000 after purchasing an additional 9,648 shares during the period. Russell Investments Group Ltd. raised its position in shares of Coeur Mining by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company's stock worth $92,000 after purchasing an additional 5,956 shares during the period. Fore Capital LLC acquired a new stake in shares of Coeur Mining during the first quarter worth about $211,000. Swiss National Bank raised its position in shares of Coeur Mining by 8.5% during the first quarter. Swiss National Bank now owns 755,500 shares of the basic materials company's stock worth $2,848,000 after purchasing an additional 59,500 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Coeur Mining by 247.7% during the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company's stock worth $426,000 after buying an additional 80,531 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

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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