Coeur Mining, Inc. (NYSE:CDE – Get Free Report) EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total value of $210,600.00. Following the completion of the sale, the executive vice president directly owned 530,086 shares of the company’s stock, valued at approximately $11,163,611.16. This represents a 1.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coeur Mining Stock Performance
CDE opened at $20.30 on Friday. Coeur Mining, Inc. has a 52-week low of $13.55 and a 52-week high of $27.77. 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 has a market cap of $20.87 billion, a P/E ratio of 17.35 and a beta of 1.39. The firm’s 50-day moving average price is $17.95 and its 200-day moving average price is $18.72.
Coeur Mining (NYSE:CDE – Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The firm’s revenue for the quarter was up 125.8% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Research Report on CDE
Institutional Trading of Coeur Mining
Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its position in Coeur Mining by 105.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 820 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Coeur Mining in the second quarter worth about $26,000. Triumph Capital Management boosted its stake in shares of Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 period. Finally, Kingdom Financial Group LLC. acquired a new stake in Coeur Mining during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 63.01% of the company’s stock.
Coeur Mining Company Profile
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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