Nwam LLC Buys Shares of 19,311 Coeur Mining, Inc. $CDE

Nwam LLC acquired a new position in Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,311 shares of the basic materials company’s stock, valued at approximately $169,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 acquiring an additional 23,303,638 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 buying an additional 4,594,097 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 purchasing an additional 7,579,901 shares during the period. Sprott Inc. raised its holdings in shares of Coeur Mining by 889.3% in the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after purchasing an additional 10,180,102 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Coeur Mining by 60.9% in the 1st 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. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CDE has been the subject of several research analyst reports. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Thursday, October 30th. Wall Street Zen cut shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Raymond James Financial set a $21.00 target price on shares of Coeur Mining in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $16.32.

Insider Buying and Selling

In other news, SVP Casey M. Nault sold 102,257 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 568,623 shares in the company, valued at approximately $6,823,476. The trade was a 15.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mitchell J. Krebs sold 125,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 352,257 shares of company stock valued at $4,878,334. 1.50% of the stock is currently owned by insiders.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $15.10 on Friday. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $23.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The stock has a fifty day moving average price of $17.66 and a two-hundred day moving average price of $12.19. The firm has a market cap of $9.70 billion, a P/E ratio of 22.88 and a beta of 1.21.

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

Coeur Mining Company 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.