Coeur Mining, Inc. (NYSE:CDE – Get Free Report) EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the transaction, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. This represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coeur Mining Price Performance
Shares of Coeur Mining stock opened at $21.15 on Friday. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $16.71 and its two-hundred day moving average price is $18.81. Coeur Mining, Inc. has a 52 week low of $11.41 and a 52 week high of $27.77. The stock has a market cap of $21.74 billion, a PE ratio of 18.08 and a beta of 1.32.
Coeur Mining (NYSE:CDE – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 was up 125.8% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.95 EPS for the current fiscal year.
Institutional Inflows and Outflows
Key Stories Impacting Coeur Mining
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.
Wall Street Analysts Forecast Growth
CDE has been the subject of a number of recent analyst reports. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, April 29th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Thursday, May 7th. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.50.
Read Our Latest Stock Report on CDE
About Coeur Mining
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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