Coeur Mining (NYSE:CDE) CFO Thomas Whelan Sells 6,000 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE) CFO Thomas Whelan sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Coeur Mining Trading Up 1.1%

Coeur Mining stock opened at $21.15 on Friday. The stock has a market cap of $21.74 billion, a PE ratio of 18.08 and a beta of 1.32. The stock has a 50-day moving average price of $16.71 and a 200 day moving average price of $18.81. Coeur Mining, Inc. has a 52 week low of $11.41 and a 52 week high of $27.77. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion during 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%. The company’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. Equities research analysts predict that Coeur Mining, Inc. will post 0.95 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Coeur Mining by 83.2% during the 1st quarter. Bank of America Corp DE now owns 5,429,896 shares of the basic materials company’s stock worth $101,919,000 after purchasing an additional 2,466,122 shares during the period. Goldman Sachs Group Inc. boosted its position in Coeur Mining by 92.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock valued at $222,922,000 after purchasing an additional 6,012,718 shares during the period. Norges Bank bought a new position in Coeur Mining during the 4th quarter worth $128,389,000. Allspring Global Investments Holdings LLC grew its stake in Coeur Mining by 81.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,681,172 shares of the basic materials company’s stock worth $69,896,000 after buying an additional 1,653,323 shares during the last quarter. Finally, Electrum Group LLC bought a new position in Coeur Mining during the 4th quarter worth $8,582,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Key Coeur Mining News

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.

Analyst Ratings Changes

CDE has been the topic of several recent analyst reports. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, April 29th. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th. Scotiabank cut their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

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.