Key Points
- Coeur Mining CAO Kenneth Watkinson sold 39,000 shares on June 1 at an average price of $18.60, totaling about $725,400. After the sale, he still held 77,204 shares, representing a 33.56% reduction in his stake.
- The company recently reported mixed quarterly results: earnings of $0.36 per share came in slightly below estimates, while revenue of $856.19 million beat expectations and jumped 137.8% year over year.
- Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and an average price target of $24.56. Coeur also recently announced a $0.02 per share dividend payable June 10.
Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CAO Kenneth Watkinson sold 39,000 shares of Coeur Mining stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer directly owned 77,204 shares of the company's stock, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Coeur Mining Trading Down 0.9%
Shares of NYSE CDE opened at $19.15 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $18.62 and a two-hundred day simple moving average of $19.55. The firm has a market cap of $19.81 billion, a PE ratio of 16.51 and a beta of 1.25. Coeur Mining, Inc. has a twelve month low of $8.46 and a twelve month high of $27.77.
Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company's revenue for the quarter was up 137.8% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. Analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.
Coeur Mining Announces Dividend
The company also recently announced a dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining's payout ratio is 3.45%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Canaccord Genuity Group raised Coeur Mining from a "hold" rating to a "buy" rating and set a $26.00 target price for the company in a research report on Wednesday, April 29th. Wall Street Zen lowered Coeur Mining from a "buy" rating to a "hold" rating in a research 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 for the company. in a research report on Thursday, May 7th. Zacks Research upgraded Coeur Mining from a "strong sell" rating to a "hold" rating in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining presently has a consensus rating of "Moderate Buy" and an average price target of $24.56.
Get Our Latest Report on CDE
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in shares of Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company's stock valued at $1,238,201,000 after acquiring an additional 23,646,265 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company's stock valued at $524,669,000 after acquiring an additional 13,418,041 shares during the period. State Street Corp increased its holdings in shares of Coeur Mining by 6.7% in the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company's stock valued at $432,390,000 after acquiring an additional 1,529,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Coeur Mining by 36.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company's stock valued at $447,567,000 after acquiring an additional 6,352,828 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company's stock worth $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Coeur Mining Company Profile
(
Get Free Report)
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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