Three Seasons Wealth LLC Acquires Shares of 76,357 Coeur Mining, Inc. $CDE

Key Points

• Three Seasons Wealth LLC acquired 76,357 shares of Coeur Mining, Inc. for approximately $677,000, highlighting investor interest in the company during the 2nd quarter.
• Recent insider transactions show significant sales by senior vice presidents, including a total of 516,619 shares sold in the last 90 days, indicating potential insider confidence fluctuations.
• Analysts are generally optimistic, with a consensus rating of "Buy" and a target price range between $12.00 and $13.00, reflecting positive sentiment towards Coeur Mining's stock performance.

Three Seasons Wealth LLC acquired 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,357 shares of the basic materials company's stock, valued at approximately $677,000.

A number of other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Coeur Mining by 2,776.5% in the fourth quarter. Ameriprise Financial Inc. now owns 861,797 shares of the basic materials company's stock worth $4,929,000 after acquiring an additional 831,837 shares during the period. Nuveen Asset Management LLC raised its position in shares of Coeur Mining by 48.3% in the 4th quarter. Nuveen Asset Management LLC now owns 4,077,705 shares of the basic materials company's stock worth $23,324,000 after acquiring an additional 1,327,622 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Coeur Mining in the 4th quarter worth $78,000. ProShare Advisors LLC raised its stake in Coeur Mining by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 111,272 shares of the basic materials company's stock worth $636,000 after acquiring an additional 36,611 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Coeur Mining by 28.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,106 shares of the basic materials company's stock worth $6,247,000 after acquiring an additional 238,688 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Trading Up 3.0%

CDE stock traded up $0.54 during midday trading on Tuesday, hitting $18.41. The stock had a trading volume of 7,357,522 shares, compared to its average volume of 16,500,346. The firm has a market cap of $11.83 billion, a PE ratio of 49.55 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $18.37. The company's 50-day moving average price is $12.09 and its 200 day moving average price is $8.94.

Coeur Mining (NYSE:CDE - Get Free Report) last posted 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. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. 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 business posted ($0.01) EPS. The business's quarterly revenue was up 116.5% on a year-over-year basis. On average, equities research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Roth Capital restated a "buy" rating and issued a $13.00 price target on shares of Coeur Mining in a research note on Thursday, August 7th. BMO Capital Markets boosted their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. National Bankshares set a $12.00 price objective on Coeur Mining in a research report on Friday, June 13th. Zacks Research upgraded Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. Finally, National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $9.79.

Insider Buying and Selling at Coeur Mining

In other news, Director Pierre Beaudoin sold 48,362 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director directly owned 140,000 shares of the company's stock, valued at approximately $1,619,800. This represents a 25.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Casey M. Nault sold 102,257 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the sale, the senior vice president directly owned 568,623 shares of the company's stock, valued at approximately $6,823,476. This represents a 15.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 516,619 shares of company stock worth $6,626,362. 1.56% of the stock is 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.