37,331 Shares in Coeur Mining, Inc. (NYSE:CDE) Bought by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp has acquired a new stake in Coeur Mining, Inc., purchasing 37,331 shares valued at approximately $221,000 in the first quarter.
• Multiple large investors, including City State Bank and Quarry LP, have significantly increased their holdings in Coeur Mining, with institutional investors now owning 63.01% of the company's stock.
• Wall Street analysts have a positive outlook on Coeur Mining, with ratings ranging from "hold" to "strong buy" and a consensus price target of $9.21 per share.

Alberta Investment Management Corp acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,331 shares of the basic materials company's stock, valued at approximately $221,000.

Several other hedge funds have also recently bought and sold shares of the company. City State Bank lifted its stake 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 acquiring an additional 2,274 shares during the period. Quarry LP raised its holdings 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 buying an additional 5,968 shares during the last quarter. Optiver Holding B.V. lifted its position in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 4,903 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Coeur Mining in the first quarter valued at approximately $53,000. Finally, DRW Securities LLC purchased a new position in Coeur Mining during the 4th quarter worth $60,000. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the sale, the director owned 101,841 shares of the company's stock, valued at approximately $797,415.03. This represents a 14.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the transaction, the director owned 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,061 shares of company stock worth $667,775 in the last quarter. 1.56% of the stock is owned by insiders.

Coeur Mining Price Performance

Shares of NYSE:CDE traded up $0.15 during trading on Wednesday, reaching $9.90. The company had a trading volume of 13,700,714 shares, compared to its average volume of 16,591,520. The company has a fifty day moving average of $9.08 and a two-hundred day moving average of $7.21. The company has a current ratio of 1.93, a quick ratio of 0.62 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $6.33 billion, a P/E ratio of 38.06 and a beta of 1.16. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $9.97.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. During the same quarter in the prior year, the business earned ($0.01) EPS. The firm's revenue for the quarter was up 116.5% on a year-over-year basis. Equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of research analyst reports. Roth Capital reaffirmed a "buy" rating and set a $12.00 price target (up from $10.00) on shares of Coeur Mining in a research report on Tuesday, July 1st. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, National Bankshares set a $12.00 price target on shares of Coeur Mining in a report on Friday, June 13th. 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 MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $9.21.

Coeur Mining Company 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.