Coeur Mining, Inc. (CDE) VP Mark Spurbeck Sells 15,000 Shares

Coeur Mining, Inc. (NYSE:CDE) VP Mark Spurbeck sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $7.42, for a total transaction of $111,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Mark Spurbeck also recently made the following trade(s):

  • On Friday, September 15th, Mark Spurbeck sold 9,500 shares of Coeur Mining stock. The shares were sold at an average price of $9.25, for a total transaction of $87,875.00.

Coeur Mining, Inc. (NYSE CDE) traded down $0.13 during trading on Friday, reaching $7.40. 1,832,436 shares of the company were exchanged, compared to its average volume of 2,488,492. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The company had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Coeur Mining’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities analysts anticipate that Coeur Mining, Inc. will post -0.05 EPS for the current year.

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Several research firms have weighed in on CDE. Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Tuesday. Royal Bank Of Canada set a $11.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a report on Friday, October 27th. Roth Capital lowered their price target on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 25th. Finally, Raymond James Financial, Inc. lifted their price target on shares of Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a report on Friday, September 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.91.

Hedge funds have recently made changes to their positions in the business. Aperio Group LLC lifted its position in Coeur Mining by 5.9% during the second quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock valued at $381,000 after buying an additional 2,482 shares in the last quarter. Van ECK Associates Corp lifted its position in Coeur Mining by 46.8% during the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after buying an additional 5,933,383 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Coeur Mining during the second quarter valued at approximately $689,000. BlackRock Inc. lifted its position in Coeur Mining by 56,698.4% during the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after buying an additional 11,518,276 shares in the last quarter. Finally, Investec Asset Management LTD acquired a new position in Coeur Mining during the second quarter valued at approximately $28,801,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

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