Andra AP fonden Invests $5.83 Million in Coeur Mining, Inc. $CDE

Andra AP fonden purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 356,900 shares of the basic materials company's stock, valued at approximately $5,825,000.

Other institutional investors have also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in Coeur Mining in the 2nd quarter worth approximately $26,000. Versant Capital Management Inc boosted its position in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company's stock worth $26,000 after acquiring an additional 820 shares during the last quarter. Bullseye Investment Management LLC bought a new position in shares of Coeur Mining during the second quarter worth $33,000. Allworth Financial LP grew its stake in Coeur Mining by 20.9% during the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 517 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Coeur Mining by 181.8% during the first quarter. Parallel Advisors LLC now owns 3,260 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 2,103 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling at Coeur Mining

In other news, Director J. Kenneth Thompson sold 25,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the sale, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas S. Whelan sold 6,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,000 shares of company stock worth $1,055,070 over the last quarter. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Roth Capital set a $19.00 target price on shares of Coeur Mining in a report on Friday, August 7th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Coeur Mining in a research report on Monday. Zacks Research raised shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Finally, Scotiabank reduced their target price on shares of Coeur Mining from $28.50 to $26.50 and set an "outperform" rating on the stock in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.50.

Coeur Mining Stock Performance

Coeur Mining stock opened at $19.34 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The company has a market capitalization of $19.89 billion, a PE ratio of 16.53 and a beta of 1.39. The company has a 50 day moving average price of $18.62 and a 200-day moving average price of $18.39. Coeur Mining, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The business's revenue was up 125.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, equities analysts forecast that Coeur Mining, Inc. will post 0.9 earnings per share for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc NYSE: CDE is a precious metals mining company that explores for, develops, and produces gold and silver. The company's activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur's operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.

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