Coeur Mining, Inc. $CDE Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC significantly increased its holdings in Coeur Mining, Inc. by 17,945.6%, purchasing an additional 32,661 shares, bringing its total ownership to 32,843 shares valued at approximately $291,000.
• Insider sales at Coeur Mining included CEO Mitchell J. Krebs selling 125,000 shares for about $1.83 million, reducing his ownership by 5.38%.
• Analysts currently rate Coeur Mining with an average rating of "Buy" and a price target around $9.79, with recent reports indicating strong quarterly earnings performance with a revenue increase of 116.5% year-over-year.

Farther Finance Advisors LLC boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 17,945.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,843 shares of the basic materials company's stock after buying an additional 32,661 shares during the quarter. Farther Finance Advisors LLC's holdings in Coeur Mining were worth $291,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Three Seasons Wealth LLC acquired a new stake in Coeur Mining during the 2nd quarter worth approximately $677,000. Range Financial Group LLC acquired a new stake in Coeur Mining during the 2nd quarter worth approximately $1,115,000. Voya Investment Management LLC lifted its holdings in Coeur Mining by 39.1% during the 1st quarter. Voya Investment Management LLC now owns 167,161 shares of the basic materials company's stock worth $990,000 after buying an additional 47,005 shares in the last quarter. Rhumbline Advisers lifted its holdings in Coeur Mining by 44.7% during the 1st quarter. Rhumbline Advisers now owns 904,652 shares of the basic materials company's stock worth $5,356,000 after buying an additional 279,626 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Coeur Mining during the 1st quarter worth approximately $699,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coeur Mining

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

Analyst Ratings Changes

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

Coeur Mining Trading Up 1.7%

NYSE CDE opened at $18.75 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The firm's fifty day moving average price is $12.99 and its 200 day moving average price is $9.38. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 50.69 and a beta of 1.19. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $19.17.

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 net margin of 13.06% and a return on equity of 14.38%. The company had revenue of $480.65 million for the quarter, compared to the consensus estimate of $438.40 million. During the same period last year, the firm posted ($0.01) EPS. Coeur Mining's revenue for the quarter was up 116.5% on a year-over-year basis. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding CDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coeur Mining, Inc. (NYSE:CDE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.