Insider Selling: Coeur Mining, Inc. (CDE) VP Sells 9,500 Shares of Stock
Coeur Mining, Inc. (NYSE:CDE) VP Mark Spurbeck sold 9,500 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $87,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Coeur Mining, Inc. (NYSE:CDE) traded up 0.65% during midday trading on Tuesday, hitting $9.26. 1,839,572 shares of the stock traded hands. Coeur Mining, Inc. has a one year low of $7.30 and a one year high of $13.65. The company has a market cap of $1.68 billion, a PE ratio of 24.05 and a beta of 0.47. The company’s 50-day moving average is $8.41 and its 200-day moving average is $8.62.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The business had revenue of $173.40 million during the quarter, compared to analyst estimates of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. Equities research analysts expect that Coeur Mining, Inc. will post $0.13 EPS for the current fiscal year.
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CDE has been the subject of several research reports. Royal Bank of Canada restated a “buy” rating and issued a $14.00 price target on shares of Coeur Mining in a research note on Wednesday, May 24th. BidaskClub upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Roth Capital set a $13.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Wednesday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $11.00 price objective on shares of Coeur Mining in a research report on Friday, June 30th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Coeur Mining presently has a consensus rating of “Hold” and an average target price of $11.23.
Hedge funds have recently made changes to their positions in the business. Credit Agricole S A acquired a new position in Coeur Mining during the 1st quarter worth $5,077,000. Aperio Group LLC grew its holdings in Coeur Mining by 5.9% during the 2nd quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock worth $381,000 after acquiring an additional 2,482 shares in the last quarter. U S Global Investors Inc acquired a new position in Coeur Mining during the 1st quarter worth $808,000. Karp Capital Management Corp acquired a new position in Coeur Mining during the 1st quarter worth $339,000. Finally, BlackRock Inc. grew its holdings in Coeur Mining by 56,698.4% during the 1st quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock worth $93,231,000 after acquiring an additional 11,518,276 shares in the last quarter. 68.90% of the stock is owned by institutional investors.
Coeur Mining Company Profile
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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