Insider Selling: Coeur Mining (NYSE:CDE) CAO Sells 39,000 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth Watkinson sold 39,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Coeur Mining Stock Performance

CDE traded down $0.17 during midday trading on Tuesday, reaching $19.15. The company had a trading volume of 22,571,734 shares, compared to its average volume of 25,522,229. 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 50-day moving average of $18.62 and a two-hundred day moving average of $19.55. The company has a market cap of $19.81 billion, a P/E ratio of 16.51 and a beta of 1.25. Coeur Mining, Inc. has a 1 year low of $8.46 and a 1 year high of $27.77.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business had revenue of $856.19 million for the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 137.8% compared to the same quarter last year. As a group, equities research analysts predict that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be given a dividend of $0.02 per share. The ex-dividend date is Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is currently 3.45%.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management boosted its stake 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 valued at $29,000 after buying an additional 1,200 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in Coeur Mining during the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC bought a new position in Coeur Mining during the third quarter valued at approximately $35,000. Kemnay Advisory Services Inc. bought a new position in Coeur Mining during the fourth quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in Coeur Mining during the fourth quarter valued at approximately $34,000. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CDE. Roth Mkm reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Weiss Ratings cut Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price for the company. Royal Bank Of Canada increased their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald cut 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.56.

Coeur Mining Company Profile

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.