Key Points
- Director J. Kenneth Thompson sold 25,000 Coeur Mining shares at an average price of $20.77, generating $519,250 and reducing his position by 8.85% to 257,333 shares.
- Coeur Mining’s latest quarter fell short of expectations, with EPS of $0.12 versus the $0.26 consensus and revenue of $1.09 billion versus $1.24 billion, despite 125.8% year-over-year revenue growth.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $25.50, while institutional investors own 63.01% of the stock; shares recently opened at $21.15.
Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CFO Thomas Whelan sold 6,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Coeur Mining Trading Up 1.1%
Shares of NYSE:CDE opened at $21.15 on Friday. 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 company's 50-day moving average price is $16.71 and its 200 day moving average price is $18.81. The company has a market cap of $21.74 billion, a PE ratio of 18.08 and a beta of 1.32. Coeur Mining, Inc. has a fifty-two week low of $11.41 and a fifty-two week high of $27.77.
Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results 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 return on equity of 11.03% and a net margin of 26.82%.The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted $0.20 EPS. Coeur Mining's revenue for the quarter was up 125.8% on a year-over-year basis. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.95 earnings per share for the current year.
Institutional Trading of Coeur Mining
A number of institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in shares of Coeur Mining by 105.0% in the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 820 shares in the last quarter. Ancora Advisors LLC bought a new position in Coeur Mining during the second quarter valued at about $26,000. Triumph Capital Management grew its holdings in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company's stock worth $29,000 after acquiring an additional 1,200 shares during the period. EverSource Wealth Advisors LLC raised its position in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock worth $30,000 after acquiring an additional 1,435 shares in the last quarter. Finally, Kingdom Financial Group LLC. acquired a new stake in Coeur Mining in the 4th quarter valued at about $32,000. 63.01% of the stock is owned by institutional investors and hedge funds.
More Coeur Mining News
Here are the key news stories impacting Coeur Mining this week:
- Positive Sentiment: Coeur Mining shares participated in a sharp precious-metals mining rally after reports that a potential U.S. Treasury buyback plan was boosting demand for gold and silver-related assets. The move reflects favorable macroeconomic sentiment toward precious-metals producers rather than a company-specific operating announcement. Hecla Mining and Coeur Mining Spike 13% as Treasury Buyback Plan Ignites Precious Metals Rally
- Positive Sentiment: Zacks Research upgraded CDE from “strong sell” to “hold.” Although this is not a bullish rating, the change removes an aggressively negative recommendation and may modestly improve sentiment. Zacks Research
- Neutral Sentiment: A market update highlighted Coeur Mining as being in focus, likely reflecting the company’s exposure to the strengthening gold and silver markets and its recent share-price momentum. Why Is Coeur Mining in Focus Today?
- Negative Sentiment: Three insiders reported selling a combined 41,000 shares on August 19: CFO Thomas S. Whelan sold 6,000 shares, EVP Casey M. Nault sold 10,000, and Director J. Kenneth Thompson sold 25,000. The transactions totaled approximately $844,000 and could weigh on sentiment, though Nault’s sale was made under a pre-arranged Rule 10b5-1 plan and all three executives retained substantial holdings.
Analyst Upgrades and Downgrades
CDE has been the topic of several analyst reports. Canaccord Genuity Group upgraded Coeur Mining from a "hold" rating to a "buy" rating and set a $26.00 target price on the stock in a research report on Wednesday, April 29th. Scotiabank reduced their price target on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company in a research report on Friday, August 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday, August 7th. Finally, Zacks Research raised Coeur Mining from a "strong sell" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Coeur Mining has an average rating of "Moderate Buy" and an average price target of $25.50.
Read Our Latest Stock Report on CDE
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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