Vest Financial LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 95,099 shares of the basic materials company’s stock, valued at approximately $1,674,000.
Other large investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after acquiring an additional 13,418,041 shares during the period. Dimensional Fund Advisors LP lifted its position in Coeur Mining by 34.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after acquiring an additional 3,291,431 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Coeur Mining by 889.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock worth $128,965,000 after purchasing an additional 6,176,524 shares during the period. Amundi boosted its stake in Coeur Mining by 107.0% in the 1st quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock worth $115,712,000 after purchasing an additional 3,186,761 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Coeur Mining during the 2nd quarter worth about $104,760,000. Institutional investors own 63.01% of the company’s stock.
Insider Activity at Coeur Mining
In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of Coeur Mining stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the sale, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 51,000 shares of company stock valued at $1,055,070. Corporate insiders own 0.90% of the company’s stock.
Analyst Upgrades and Downgrades
CDE has been the subject of a number of research reports. Roth Capital set a $19.00 target price on Coeur Mining in a report on Friday, August 7th. Scotiabank cut their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.
Check Out Our Latest Stock Analysis on CDE
Coeur Mining Price Performance
Shares of CDE opened at $13.43 on Friday. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a twelve month low of $13.15 and a twelve month high of $27.77. The stock has a market capitalization of $13.81 billion, a P/E ratio of 11.48 and a beta of 1.37. The company has a 50 day moving average of $18.78 and a 200-day moving average of $17.94.
Coeur Mining (NYSE:CDE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 EPS 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 period in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 125.8% compared to the same quarter last year. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.84 EPS for the current fiscal year.
About Coeur Mining
Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.
Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.
Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.
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