55,860 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Bard Associates Inc.

Key Points

• Bard Associates Inc. has acquired 55,860 shares of Coeur Mining, Inc., valued at approximately $331,000.
• Several institutional investors have increased their stakes in Coeur Mining, with a total of 63.01% of the stock owned by such investors.
• Coeur Mining reported quarterly earnings exceeding analysts' expectations with $0.20 EPS, and its revenue rose 116.5% from the previous year.

Bard Associates Inc. acquired a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 55,860 shares of the basic materials company's stock, valued at approximately $331,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City State Bank increased its position in shares of Coeur Mining by 56.9% in the first 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 period. Quarry LP lifted its position in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. grew its stake in Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after buying an additional 4,903 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Coeur Mining in the 1st quarter valued at about $53,000. Finally, DRW Securities LLC bought a new position in Coeur Mining in the 4th quarter valued at about $60,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CDE. Roth Capital reaffirmed a "buy" rating and set a $13.00 price target on shares of Coeur Mining in a report on Thursday. BMO Capital Markets upped their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Thursday. National Bankshares set a $12.00 price target on Coeur Mining in a research note on Friday, June 13th. Finally, National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $9.79.

Insider Activity at Coeur Mining

In other news, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the transaction, the director owned 101,841 shares of the company's stock, valued at $797,415.03. This represents a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company's stock.

Coeur Mining Stock Performance

NYSE CDE opened at $11.29 on Friday. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $11.31. The stock has a market cap of $7.22 billion, a PE ratio of 30.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93. The firm's fifty day moving average price is $9.17 and its two-hundred day moving average price is $7.26.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 16.94% and a net margin of 13.06%. The business had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Coeur Mining's quarterly revenue was up 116.5% compared to the same quarter last year. On average, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

About Coeur Mining

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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