Coeur Mining, Inc. $CDE Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its Coeur Mining stake by 14.3% in the third quarter, adding 276,221 shares to reach 2.21 million shares, valued at about $38.9 million. Institutional investors and hedge funds collectively own 63.01% of the company.
• Coeur Mining reported quarterly revenue of $983.6 million, up 77.4% year over year, but below the $1.14 billion analyst estimate. EPS was $0.10, versus $0.23 a year earlier, and also missed the article’s cited consensus estimate of $0.14.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $26.06. Company insiders sold 51,000 shares worth about $1.06 million over the past three months.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,207,896 shares of the basic materials company's stock after acquiring an additional 276,221 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Coeur Mining worth $38,859,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CDE. ZEGA Investments LLC grew its stake in shares of Coeur Mining by 4.8% during the 2nd quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company's stock worth $173,000 after purchasing an additional 481 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Coeur Mining by 0.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company's stock valued at $4,085,000 after purchasing an additional 701 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Coeur Mining by 7.5% in the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company's stock valued at $222,000 after purchasing an additional 820 shares during the period. Versant Capital Management Inc lifted its stake in shares of Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 820 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Coeur Mining by 32.6% during the first quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company's stock worth $73,000 after buying an additional 957 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

CDE opened at $14.57 on Thursday. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 12.45 and a beta of 1.46. Coeur Mining, Inc. has a 52-week low of $12.71 and a 52-week high of $27.77. The firm's fifty day simple moving average is $17.70 and its two-hundred day simple moving average is $18.84.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The company had revenue of $983.62 million for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the firm earned $0.23 EPS. The firm's revenue for the quarter was up 77.4% on a year-over-year basis. Equities analysts anticipate that Coeur Mining, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas Whelan sold 6,000 shares of the business's 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Casey Nault sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total value of $210,600.00. Following the sale, the executive vice president owned 530,086 shares of the company's stock, valued at approximately $11,163,611.16. This trade represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 51,000 shares of company stock worth $1,055,070. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CDE shares. Zacks Research raised shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th. Scotiabank dropped their target price on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings lowered Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.06.

Key Headlines Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

• Positive Sentiment: Revenue rose 77.4% from a year earlier to $983.6 million, indicating substantial year-over-year growth. Quarterly earnings report
• Neutral Sentiment: Options traders bought 26,568 CDE call options, about 41% above typical daily volume. This suggests increased bullish positioning, though options activity alone does not establish a durable outlook.
• Negative Sentiment: Quarterly EPS was $0.10, down from $0.23 a year earlier. It matched the Zacks consensus but was below another cited analyst consensus of $0.14; revenue also trailed the $1.14 billion estimate. Zacks earnings report Adjusted earnings report
• Negative Sentiment: A report characterized a $40 million charge as a drag on an otherwise strong quarter, adding to concerns about the earnings decline. Quarterly results analysis

Coeur Mining Profile

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur's operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.

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