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 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 completion of the sale, the chief accounting officer now owns 140,719 shares of the company’s stock, valued at $683,894.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coeur Mining Stock Performance

Shares of CDE stock opened at $5.12 on Wednesday. The firm has a 50 day moving average of $3.97 and a 200-day moving average of $3.21. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -16.52 and a beta of 1.77. 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, Inc. has a 52 week low of $2.00 and a 52 week high of $5.47.

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

Institutional Trading of Coeur Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Coeur Mining by 4.1% in the fourth quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company’s stock valued at $322,000 after acquiring an additional 3,899 shares during the period. Assenagon Asset Management S.A. grew its position in Coeur Mining by 1.7% in the 4th 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 position in Coeur Mining by 50.0% in the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 5,000 shares during the period. Sigma Planning Corp increased its stake in Coeur Mining by 35.3% during the 3rd quarter. Sigma Planning Corp now owns 31,670 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 8,260 shares in the last quarter. Finally, Scotia Capital Inc. raised its holdings in Coeur Mining by 9.0% during the third quarter. Scotia Capital Inc. now owns 120,791 shares of the basic materials company’s stock worth $268,000 after buying an additional 10,000 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Roth Mkm initiated coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target for the company. Raymond James upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. Finally, BMO Capital Markets raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $4.25 to $5.50 in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus price target of $4.36.

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.