Coeur Mining (NYSE:CDE) Director J Kenneth Thompson Sells 25,000 Shares

Coeur Mining, Inc. (NYSE:CDE) Director J Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. This represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Coeur Mining Stock Performance

NYSE:CDE opened at $21.15 on Friday. The company has a 50 day simple moving average of $16.71 and a two-hundred day simple moving average of $18.81. Coeur Mining, Inc. has a fifty-two week low of $11.41 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The company has a market capitalization of $21.74 billion, a PE ratio of 18.08 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm’s revenue for the quarter was up 125.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. Research analysts anticipate that Coeur Mining, Inc. will post 0.95 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. Ancora Advisors LLC bought a new stake in shares of Coeur Mining in the 2nd quarter worth approximately $26,000. Triumph Capital Management grew its stake in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 820 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in Coeur Mining in the fourth quarter worth about $32,000. Finally, JPL Wealth Management LLC purchased a new stake in Coeur Mining during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CDE. Scotiabank lowered their price objective on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Coeur Mining News Summary

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.

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.