Coeur Mining, Inc. (NYSE:CDE) Director Sebastian Edwards Sells 20,000 Shares

Coeur Mining, Inc. (NYSE:CDE) Director Sebastian Edwards sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total value of $101,600.00. Following the completion of the transaction, the director now directly owns 103,100 shares of the company’s stock, valued at $523,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Coeur Mining Price Performance

NYSE:CDE traded down $0.01 during trading hours on Wednesday, hitting $5.11. 4,343,694 shares of the company’s stock traded hands, compared to its average volume of 7,530,342. The firm has a market cap of $2.04 billion, a P/E ratio of -16.47 and a beta of 1.77. Coeur Mining, Inc. has a 52 week low of $2.00 and a 52 week high of $5.47. The business’s fifty day simple moving average is $4.03 and its two-hundred day simple moving average is $3.23. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $203.43 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts anticipate that Coeur Mining, Inc. will post -0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on CDE. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. BMO Capital Markets raised Coeur Mining from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $4.25 to $5.50 in a report on Friday, May 3rd. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Raymond James increased their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a report on Monday, April 8th. Finally, Roth Mkm began coverage on Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.36.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. ProShare Advisors LLC increased its holdings in shares of Coeur Mining by 17.6% in the first quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company’s stock worth $243,000 after buying an additional 9,648 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Coeur Mining by 32.4% in the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after buying an additional 5,956 shares during the period. Fore Capital LLC purchased a new position in shares of Coeur Mining in the first quarter worth about $211,000. Swiss National Bank increased its holdings in shares of Coeur Mining by 8.5% in the first quarter. Swiss National Bank now owns 755,500 shares of the basic materials company’s stock worth $2,848,000 after buying an additional 59,500 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Coeur Mining by 247.7% in the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after buying an additional 80,531 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.