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

Coeur Mining, Inc. (NYSE:CDE) CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total value of $213,840.00. Following 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 SEC, which is accessible through the SEC website.

Coeur Mining Price Performance

CDE opened at $5.14 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.05 billion, a P/E ratio of -16.58 and a beta of 1.77. The stock has a 50-day moving average price of $3.92 and a 200-day moving average price of $3.20. Coeur Mining, Inc. has a 12-month low of $2.00 and a 12-month high of $5.47.

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. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. During the same quarter in the previous year, the company posted ($0.11) EPS. Coeur Mining’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts predict that Coeur Mining, Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently made changes to their positions in the business. Atria Wealth Solutions Inc. purchased a new position in Coeur Mining in the 4th quarter worth $33,000. Rathbones Group PLC bought a new position in shares of Coeur Mining during the third quarter valued at about $35,000. Forum Financial Management LP purchased a new position in shares of Coeur Mining in the fourth quarter worth about $40,000. Ballentine Partners LLC bought a new stake in shares of Coeur Mining in the 1st quarter valued at about $46,000. Finally, StoneX Group Inc. purchased a new stake in Coeur Mining during the 1st quarter valued at about $49,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Coeur Mining

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.