Intech Investment Management LLC Grows Position in Coeur Mining, Inc. $CDE

Intech Investment Management LLC boosted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 54.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,807 shares of the basic materials company’s stock after buying an additional 146,604 shares during the quarter. Intech Investment Management LLC owned 0.07% of Coeur Mining worth $3,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock valued at $378,903,000 after acquiring an additional 23,303,638 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coeur Mining by 26.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock valued at $128,774,000 after buying an additional 4,594,097 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Coeur Mining by 72.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock valued at $106,801,000 after acquiring an additional 7,579,901 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Coeur Mining by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock worth $132,732,000 after purchasing an additional 288,626 shares during the period. Finally, Sprott Inc. grew its stake in shares of Coeur Mining by 889.3% in the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after buying an additional 10,180,102 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity

In related news, CEO Mitchell J. Krebs sold 125,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the sale, the chief executive officer directly owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. This trade represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Casey M. Nault sold 102,257 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the transaction, the senior vice president owned 568,623 shares in the company, valued at approximately $6,823,476. The trade was a 15.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 352,257 shares of company stock worth $4,878,334 in the last ninety days. Insiders own 1.50% of the company’s stock.

Coeur Mining Price Performance

Shares of CDE opened at $14.36 on Wednesday. The business’s 50-day moving average is $17.66 and its 200-day moving average is $12.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $23.61. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 21.76 and a beta of 1.21.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 17.01%. The firm had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. Equities research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CDE shares. TD Securities boosted their price objective on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, October 30th. BMO Capital Markets lifted their price target on Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings raised shares of Coeur Mining from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, November 13th. Finally, Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining presently has an average rating of “Buy” and an average price target of $16.32.

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.