115,738 Shares in Coeur Mining, Inc. $CDE Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired 115,738 shares in Coeur Mining, Inc., valuing the investment at approximately $685,000.
• Wall Street analysts have shown strong support for Coeur Mining, with three analysts rating it as a "Strong Buy", while the stock has an average target price of $9.79.
• Coeur Mining reported a 116.5% year-over-year increase in revenue, totaling $480.65 million for the latest quarter, along with earnings per share of $0.20.

Caxton Associates LLP acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 115,738 shares of the basic materials company's stock, valued at approximately $685,000.

Several other institutional investors have also recently modified their holdings 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 position in shares of Coeur Mining during the 1st quarter worth approximately $28,000. City State Bank raised its position in shares of Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after purchasing an additional 2,274 shares during the last quarter. State of Wyoming acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $52,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $53,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CDE shares. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. BMO Capital Markets boosted their price target on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Zacks Research upgraded Coeur Mining to a "hold" rating in a report on Tuesday, August 12th. National Bankshares set a $12.00 price target on Coeur Mining in a report on Friday, June 13th. Finally, Roth Capital reiterated a "buy" rating and issued a $13.00 price target on shares of Coeur Mining in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $9.79.

Coeur Mining Trading Up 4.3%

CDE stock opened at $14.95 on Thursday. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 40.41 and a beta of 1.19. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $10.93 and a 200-day simple moving average of $8.27. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $14.98.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. The business had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The business's revenue for the quarter was up 116.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at Coeur Mining

In other news, SVP Aoife Mcgrath sold 8,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the senior vice president directly owned 203,318 shares in the company, valued at $2,376,787.42. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Casey M. Nault sold 102,257 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the sale, the senior vice president owned 568,623 shares of the company's stock, valued at approximately $6,823,476. The trade was a 15.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is currently owned by company insiders.

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.

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