Kenneth J. Watkinson Sells 44,000 Shares of Coeur Mining, Inc. (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares in the company, valued at $683,894.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Coeur Mining Trading Up 5.3 %

CDE opened at $5.14 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. The stock’s 50 day moving average price is $3.92 and its 200-day moving average price is $3.20. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $5.47. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -16.58 and a beta of 1.77.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) earnings per share. On average, equities analysts forecast that Coeur Mining, Inc. will post -0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CDE. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. Roth Mkm started coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 target price on the stock. BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and upped their target price for the company from $4.25 to $5.50 in a research report on Friday. Finally, Raymond James lifted their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus price target of $4.36.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDE. Arizona State Retirement System boosted its position in Coeur Mining by 4.1% in the 4th quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company’s stock valued at $322,000 after buying an additional 3,899 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Coeur Mining by 1.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock valued at $806,000 after purchasing an additional 4,175 shares during the period. Marotta Asset Management grew its stake in Coeur Mining by 50.0% in the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 5,000 shares in the last quarter. Sigma Planning Corp grew its stake in Coeur Mining by 35.3% in the third quarter. Sigma Planning Corp now owns 31,670 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 8,260 shares in the last quarter. Finally, Scotia Capital Inc. increased its holdings in Coeur Mining by 9.0% during the 3rd quarter. Scotia Capital Inc. now owns 120,791 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.