Campbell & CO Investment Adviser LLC Invests $1.42 Million in Coeur Mining, Inc. $CDE

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 160,545 shares of the basic materials company’s stock, valued at approximately $1,422,000.

A number of other hedge funds also recently bought and sold shares of CDE. MAI Capital Management acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $25,000. Summer Road LLC acquired a new stake in shares of Coeur Mining in the first quarter valued at approximately $28,000. State of Wyoming purchased a new position in Coeur Mining during the first quarter worth approximately $52,000. Banque Cantonale Vaudoise purchased a new position in Coeur Mining during the first quarter worth approximately $53,000. Finally, Kathmere Capital Management LLC acquired a new position in Coeur Mining during the second quarter worth $89,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling

In related news, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction that occurred 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 approximately $6,823,476. This trade represents a 15.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mitchell J. Krebs sold 125,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 2,197,309 shares in the company, valued at $32,190,576.85. This trade represents a 5.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 352,257 shares of company stock valued at $4,878,334 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CDE shares. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. BMO Capital Markets boosted their price target on shares of Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. TD Securities raised 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. Wall Street Zen downgraded shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Coeur Mining in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and an average price target of $16.32.

Coeur Mining Stock Up 2.2%

Shares of NYSE:CDE opened at $15.19 on Wednesday. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 23.02 and a beta of 1.21. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $23.61. The business has a 50-day moving average price of $17.61 and a 200 day moving average price of $12.14. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

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

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.