Oakmont Investment Advisors Inc. bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 58,029 shares of the basic materials company’s stock, valued at approximately $947,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ZEGA Investments LLC boosted its position 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 valued at $173,000 after acquiring an additional 481 shares during the period. Allworth Financial LP increased its holdings in Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 517 shares during the period. Grand Central Investment Group increased its holdings in Coeur Mining by 1.5% during the 1st quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock worth $760,000 after acquiring an additional 612 shares during the period. Sanctuary Advisors LLC lifted its stake in Coeur Mining by 7.5% in the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 820 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 820 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CFO Thomas S. 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 value of $125,220.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 41,000 shares of company stock worth $844,470. Corporate insiders own 0.90% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Coeur Mining
Coeur Mining Trading Down 1.8%
Shares of Coeur Mining stock opened at $21.26 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. Coeur Mining, Inc. has a 1 year low of $13.55 and a 1 year high of $27.77. The firm has a market cap of $21.85 billion, a PE ratio of 18.17 and a beta of 1.39. The company has a 50 day simple moving average of $17.61 and a two-hundred day simple moving average of $18.81.
Coeur Mining (NYSE:CDE – Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.Coeur Mining’s quarterly revenue was up 125.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. Analysts expect that Coeur Mining, Inc. will post 0.86 earnings per share for the current fiscal year.
Coeur Mining Profile
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.
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