Vise Technologies Inc. Buys Shares of 15,045 Coeur Mining, Inc. $CDE

Vise Technologies Inc. purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,045 shares of the basic materials company’s stock, valued at approximately $133,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Coeur Mining by 57.3% in the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock valued at $378,903,000 after buying an additional 23,303,638 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Coeur Mining by 26.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock valued at $128,774,000 after acquiring an additional 4,594,097 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Coeur Mining by 72.5% in 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 period. Sprott Inc. raised its stake in shares of Coeur Mining by 889.3% during the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after acquiring an additional 10,180,102 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Coeur Mining by 60.9% during the first quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company’s stock worth $50,564,000 after purchasing an additional 3,233,383 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $14.36 on Wednesday. The business has a 50-day moving average price of $17.66 and a two-hundred day moving average price of $12.47. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $23.61. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The company has a market cap of $9.22 billion, a P/E ratio of 21.76 and a beta of 1.21.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (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 business had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CDE shares. Weiss Ratings upgraded Coeur Mining from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, November 13th. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. TD Securities lifted their price objective on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, 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. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Buy” and an average target price of $16.32.

Insider Activity at Coeur Mining

In other news, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $12.00, for a total value of $1,227,084.00. Following the completion of the sale, the senior vice president owned 568,623 shares in the company, valued at $6,823,476. The trade was a 15.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mitchell J. Krebs sold 125,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the transaction, the chief executive officer owned 2,197,309 shares in the company, valued at $32,190,576.85. The trade was a 5.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 352,257 shares of company stock worth $4,878,334. Insiders own 1.50% of the company’s stock.

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.