Banque Transatlantique SA Buys New Shares in Coeur Mining, Inc. $CDE

Key Points

• Banque Transatlantique SA has acquired a new stake in Coeur Mining, purchasing 17,997 shares valued at approximately $98,000.
• Several institutional investors have increased their stakes in Coeur Mining, with City State Bank leading with a 56.9% increase.
• Coeur Mining reported strong financial results, with a quarterly revenue increase of 116.5% year-over-year and earnings per share of $0.20, beating expectations.

Banque Transatlantique SA bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,997 shares of the basic materials company's stock, valued at approximately $98,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Coeur Mining by 192.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,765 shares of the basic materials company's stock worth $182,000 after buying an additional 20,893 shares in the last quarter. Northern Trust Corp grew its position in Coeur Mining by 10.4% in the fourth quarter. Northern Trust Corp now owns 3,926,815 shares of the basic materials company's stock valued at $22,461,000 after acquiring an additional 369,496 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Coeur Mining during the fourth quarter worth about $591,000. Ameriprise Financial Inc. lifted its holdings 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 last quarter. Finally, Bridgefront Capital LLC bought a new position in shares of Coeur Mining in the fourth quarter worth about $78,000. Institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Coeur Mining

In other news, SVP Aoife Mcgrath sold 8,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total value of $93,520.00. Following the completion of the sale, the senior vice president owned 203,318 shares of the company's stock, valued at approximately $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. This represents a 5.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is currently owned by insiders.

Coeur Mining Trading Up 2.9%

Shares of CDE stock traded up $0.44 during trading hours on Thursday, hitting $15.38. 13,276,869 shares of the company's stock traded hands, compared to its average volume of 13,535,270. The stock's 50 day simple moving average is $11.06 and its 200 day simple moving average is $8.34. The stock has a market cap of $9.88 billion, a PE ratio of 41.57 and a beta of 1.19. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $15.50. 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 (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 for the quarter, topping the consensus estimate of $0.18 by $0.02. The company 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%. Coeur Mining's revenue for the quarter was up 116.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.