Bard Associates Inc. Purchases New Stake in Coeur Mining, Inc. (NYSE:CDE)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in Coeur Mining by 95.9% during the 4th quarter. Sei Investments Co. now owns 63,515 shares of the basic materials company's stock valued at $363,000 after purchasing an additional 31,085 shares during the period. LPL Financial LLC grew its position in shares of Coeur Mining by 37.5% in the 4th quarter. LPL Financial LLC now owns 291,920 shares of the basic materials company's stock worth $1,670,000 after buying an additional 79,558 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Coeur Mining by 20.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,710,242 shares of the basic materials company's stock worth $9,783,000 after buying an additional 291,526 shares during the last quarter. Norges Bank purchased a new position in shares of Coeur Mining in the 4th quarter worth approximately $1,387,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Coeur Mining by 21.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 63,907 shares of the basic materials company's stock worth $366,000 after buying an additional 11,161 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Up 0.6%

Shares of CDE traded up $0.07 during mid-day trading on Tuesday, hitting $11.68. 7,348,878 shares of the company's stock were exchanged, compared to its average volume of 16,620,873. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 31.55 and a beta of 1.16. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $11.81. 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's 50-day moving average is $9.30 and its 200-day moving average is $7.35.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $480.65 million for the quarter, compared to analysts' expectations of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm's revenue was up 116.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) earnings per share. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, Director Pierre Beaudoin sold 48,362 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.57, for a total transaction of $559,548.34. Following the sale, the director directly owned 140,000 shares in the company, valued at approximately $1,619,800. The trade was a 25.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kenneth J. Watkinson sold 8,000 shares of Coeur Mining stock in a transaction on Friday, August 8th. The stock was sold at an average price of $11.62, for a total value of $92,960.00. Following the transaction, the chief accounting officer directly owned 143,007 shares of the company's stock, valued at $1,661,741.34. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 173,522 shares of company stock valued at $1,788,871. 1.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CDE. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research report on Friday, June 13th. BMO Capital Markets lifted their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Roth Capital reissued a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a research report on Thursday. Finally, National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $9.79.

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.