Charles Schwab Investment Management Inc. Grows Stock Position in Coeur Mining, Inc. $CDE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Coeur Mining by 43.5%, acquiring 1,927,578 additional shares, bringing its total ownership to approximately 6.36 million shares valued at $37.64 million.
• Coeur Mining reported quarterly earnings of $0.20 per share, exceeding analysts' expectations of $0.18, with revenue of $480.65 million, marking a 116.5% increase year-over-year.
• Several hedge funds have increased their holdings in Coeur Mining, with institutional investors now owning 63.01% of the company's stock.

Charles Schwab Investment Management Inc. raised its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 43.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,358,385 shares of the basic materials company's stock after acquiring an additional 1,927,578 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.00% of Coeur Mining worth $37,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CDE. City State Bank grew its position in Coeur Mining by 56.9% in the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 2,274 shares during the last quarter. Quarry LP grew its position in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 5,968 shares during the last quarter. Optiver Holding B.V. grew 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 during the last quarter. Banque Cantonale Vaudoise bought a new position in Coeur Mining in the 1st quarter valued at $53,000. Finally, Kapitalo Investimentos Ltda bought a new position in Coeur Mining in the 1st quarter valued at $60,000. Institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Up 3.4%

Shares of NYSE CDE traded up $0.3940 during mid-day trading on Friday, reaching $12.0640. 12,925,864 shares of the company were exchanged, compared to its average volume of 13,668,632. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 32.61 and a beta of 1.16. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $12.30. The firm has a 50-day moving average of $9.74 and a 200 day moving average of $7.66.

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 analysts' consensus estimates of $0.18 by $0.02. The firm had revenue of $480.65 million during the quarter, compared to analysts' expectations of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The firm's quarterly revenue was up 116.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. On average, research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 8,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the sale, the chief accounting officer directly owned 143,007 shares in the company, valued at approximately $1,661,741.34. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Casey M. Nault sold 100,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $10.02, for a total value of $1,002,000.00. Following the completion of the sale, the senior vice president owned 670,880 shares of the company's stock, valued at approximately $6,722,217.60. This trade represents a 12.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,362 shares of company stock valued at $1,748,028. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

CDE has been the topic of a number of recent research reports. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. BMO Capital Markets increased their price target on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. National Bankshares set a $12.00 price target on Coeur Mining in a research report on Friday, June 13th. Zacks Research raised Coeur Mining to a "hold" rating in a research report on Tuesday, August 12th. Finally, Roth Capital reissued a "buy" rating and set a $13.00 price target on shares of Coeur Mining in a research report 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $9.79.

About Coeur Mining

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.