Coeur Mining, Inc. $CDE Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. decreased its stake in Coeur Mining, Inc. by 16.9% in Q1, now owning approximately $6.92 million worth of shares after selling 237,071 shares during the quarter.
• Recent institutional moves include City State Bank increasing its holdings by 56.9%, while several other funds have adjusted their positions, reflecting the stock's interest among investors.
• Coeur Mining reported a 116.5% revenue increase year-over-year in its latest earnings announcement, with earnings per share beating expectations at $0.20 compared to the forecast of $0.18.

American Century Companies Inc. lessened its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 16.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,168,599 shares of the basic materials company's stock after selling 237,071 shares during the quarter. American Century Companies Inc. owned 0.18% of Coeur Mining worth $6,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Coeur Mining by 57.3% in the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock valued at $378,903,000 after purchasing an additional 23,303,638 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Coeur Mining by 26.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company's stock valued at $128,774,000 after purchasing an additional 4,594,097 shares in the last quarter. Tidal Investments LLC boosted its holdings in Coeur Mining by 11.1% in the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock valued at $76,326,000 after purchasing an additional 1,332,684 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Coeur Mining by 60.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company's stock valued at $50,564,000 after purchasing an additional 3,233,383 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after purchasing an additional 2,641,310 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

Shares of Coeur Mining stock traded up $0.50 during trading on Tuesday, hitting $13.65. 20,697,033 shares of the company were exchanged, compared to its average volume of 13,551,245. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $13.79. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 36.90 and a beta of 1.19. The firm has a 50 day moving average price of $10.27 and a 200 day moving average price of $7.94.

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 (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The firm had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same period in the previous year, the firm posted ($0.01) EPS. The company'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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the completion of the transaction, the senior vice president directly owned 568,623 shares in the company, valued at $6,823,476. The trade was a 15.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of Coeur Mining stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.57, for a total value of $559,548.34. Following the transaction, the director owned 140,000 shares of the company's stock, valued at $1,619,800. This represents a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 266,619 shares of company stock valued at $2,975,112. 1.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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