Coeur Mining, Inc. $CDE Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in shares of Coeur Mining, Inc. (NYSE:CDEFree Report) by 60.0% in the first quarter, HoldingsChannel reports. The firm owned 115,143 shares of the basic materials company’s stock after selling 172,952 shares during the quarter. NewEdge Advisors LLC’s holdings in Coeur Mining were worth $2,161,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Coeur Mining by 20.9% in the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 517 shares in the last quarter. Grand Central Investment Group grew its holdings in shares of Coeur Mining by 1.5% during 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 in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Coeur Mining by 7.5% during the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after buying an additional 820 shares in the last quarter. Baader Bank Aktiengesellschaft grew its holdings in shares of Coeur Mining by 2.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after buying an additional 935 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Coeur Mining by 32.6% in the first quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock valued at $73,000 after buying an additional 957 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CDE. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th. Zacks Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.50.

Read Our Latest Research Report on Coeur Mining

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Coeur Mining Stock Up 2.1%

CDE opened at $18.84 on Friday. Coeur Mining, Inc. has a 12 month low of $11.23 and a 12 month high of $27.77. The business has a 50-day moving average of $16.40 and a two-hundred day moving average of $18.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The stock has a market capitalization of $19.37 billion, a price-to-earnings ratio of 16.10 and a beta of 1.32.

Coeur Mining (NYSE:CDEGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The company’s revenue was up 125.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. On average, research analysts expect that Coeur Mining, Inc. will post 0.95 earnings per share for the current year.

About Coeur Mining

(Free Report)

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.

See Also

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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