Key Points
- Coeur Mining EVP Casey Nault sold 10,000 shares for $210,600 at an average price of $21.06 under a pre-arranged Rule 10b5-1 trading plan, reducing their ownership by 1.85%.
- Coeur Mining recently reported quarterly revenue of $1.09 billion, up 125.8% year over year, but earnings of $0.12 per share missed analyst expectations of $0.26.
- Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $25.50, despite some target-price reductions.
Coeur Mining, Inc. (NYSE:CDE - Get Free Report) EVP Casey Nault sold 10,000 shares of Coeur Mining stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $21.06, for a total value of $210,600.00. Following the transaction, the executive vice president directly owned 530,086 shares in the company, valued at approximately $11,163,611.16. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coeur Mining Trading Up 1.7%
Coeur Mining stock opened at $21.01 on Thursday. Coeur Mining, Inc. has a 12-month low of $13.55 and a 12-month high of $27.77. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 17.96 and a beta of 1.39. The firm has a 50 day moving average of $17.89 and a 200 day moving average of $18.75. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07.
Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining's revenue for the quarter was up 125.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. As a group, research analysts predict that Coeur Mining, Inc. will post 0.86 earnings per share for the current year.
Analysts Set New Price Targets
CDE has been the topic of a number of analyst reports. Scotiabank lowered their target price on shares of Coeur Mining from $28.50 to $26.50 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Zacks Research upgraded Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday, August 7th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Coeur Mining in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $25.50.
Get Our Latest Research Report on Coeur Mining
Institutional Investors Weigh In On Coeur Mining
A number of institutional investors have recently added to or reduced their stakes in CDE. Versant Capital Management Inc raised its position in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company's stock valued at $26,000 after buying an additional 820 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Coeur Mining in the second quarter worth $26,000. Triumph Capital Management boosted its position in shares of 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 last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Coeur Mining by 74.2% during 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 during the last quarter. Finally, Kingdom Financial Group LLC. bought a new position in shares of Coeur Mining during the fourth quarter worth $32,000. 63.01% of the stock is owned by hedge funds and other institutional investors.
About Coeur Mining
(
Get Free Report)
Coeur Mining, Inc (NYSE: CDE) is a precious metals mining company that explores for, develops, and produces gold and silver. The company's activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.
Coeur's operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.
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