City State Bank Has $37,000 Stake in Coeur Mining, Inc. $CDE

City State Bank reduced its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 33.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,160 shares of the basic materials company’s stock after selling 2,114 shares during the period. City State Bank’s holdings in Coeur Mining were worth $37,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. MAI Capital Management bought a new stake in Coeur Mining during the first quarter worth about $25,000. Summer Road LLC bought a new stake in Coeur Mining in the first quarter valued at approximately $28,000. State of Wyoming bought a new stake in Coeur Mining in the first quarter valued at approximately $52,000. Banque Cantonale Vaudoise bought a new stake in Coeur Mining in the first quarter valued at approximately $53,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Coeur Mining during the first quarter worth approximately $60,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Trading Down 1.7%

Shares of CDE stock opened at $18.66 on Friday. The business’s fifty day moving average is $16.74 and its 200 day moving average is $11.22. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $23.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The company has a market capitalization of $11.99 billion, a PE ratio of 50.42 and a beta of 1.23.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $480.65 million for the quarter, compared to analysts’ expectations of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The company’s revenue for the quarter was up 116.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the sale, the chief executive officer owned 2,197,309 shares of the company’s stock, valued at $32,190,576.85. The trade was a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pierre Beaudoin sold 48,362 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $11.57, for a total transaction of $559,548.34. Following the sale, the director owned 140,000 shares in the company, valued at $1,619,800. This represents a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, October 8th. Roth Capital set a $20.00 price target on Coeur Mining and gave the company a “buy” rating in a research note on Friday, October 3rd. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets lifted their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Raymond James Financial set a $22.00 price objective on Coeur Mining and gave the company an “outperform” rating in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $13.54.

Coeur Mining 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.