Vontobel Holding Ltd. lessened its stake in shares of Coeur Mining, Inc. (NYSE:CDE – Free Report) by 5.2% in the third quarter, HoldingsChannel.com reports. The firm owned 771,172 shares of the basic materials company’s stock after selling 42,418 shares during the quarter. Vontobel Holding Ltd.’s holdings in Coeur Mining were worth $13,573,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in CDE. ZEGA Investments LLC grew its holdings in shares of Coeur Mining by 4.8% in the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 481 shares during the last quarter. Grand Central Investment Group increased its stake in shares of Coeur Mining by 1.5% in the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock worth $760,000 after buying an additional 612 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Coeur Mining by 0.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company’s stock valued at $4,085,000 after buying an additional 701 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Coeur Mining by 7.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after buying an additional 820 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Coeur Mining by 105.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after buying an additional 820 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.
Insider Activity at Coeur Mining
In related news, EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the executive vice president owned 540,086 shares of the company’s stock, valued at $10,801,720. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Whelan sold 6,000 shares of Coeur Mining stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,000 shares of company stock worth $1,055,070 over the last quarter. 0.90% of the stock is owned by corporate insiders.
Coeur Mining Trading Up 0.4%
NYSE CDE opened at $15.47 on Friday. Coeur Mining, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The stock has a 50 day simple moving average of $19.18 and a two-hundred day simple moving average of $18.07. The stock has a market cap of $15.90 billion, a P/E ratio of 13.22 and a beta of 1.37.
Coeur Mining (NYSE:CDE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the business posted $0.20 earnings per share. Coeur Mining’s quarterly revenue was up 125.8% compared to the same quarter last year. On average, analysts forecast that Coeur Mining, Inc. will post 0.88 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on CDE. Weiss Ratings raised shares of Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a research note on Friday, August 7th. Finally, Scotiabank lowered their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.
View Our Latest Report on Coeur Mining
Coeur Mining Company Profile
Coeur Mining, Inc is a precious metals mining company that explores, develops, and operates mines primarily producing gold and silver. The company also conducts related activities, including mineral exploration, project development, processing, and the sale of recovered metals.
Coeur’s operating portfolio has included the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Rochester silver-gold mine in Nevada, and the Palmarejo and Las Chispas operations in Mexico.
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