Landscape Capital Management L.L.C. Increases Stock Position in Coeur Mining, Inc. $CDE

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Coeur Mining, Inc. by 27.9%, owning 220,177 shares valued at approximately $1.3 million as of the last reporting period.
• Coeur Mining reported an earnings per share (EPS) of $0.20, exceeding the consensus estimate of $0.18, with a revenue of $480.65 million—up 116.5% year-over-year.
• The company has a market capitalization of $8.47 billion and recently saw a stock price increase of 4.9%.

Landscape Capital Management L.L.C. grew its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 27.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 220,177 shares of the basic materials company's stock after buying an additional 48,061 shares during the period. Landscape Capital Management L.L.C.'s holdings in Coeur Mining were worth $1,303,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Coeur Mining by 150.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 215,707 shares of the basic materials company's stock valued at $1,277,000 after buying an additional 129,574 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Coeur Mining in the 1st quarter valued at $540,000. Allspring Global Investments Holdings LLC lifted its stake in Coeur Mining by 3,091.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,021,974 shares of the basic materials company's stock valued at $6,050,000 after acquiring an additional 989,952 shares in the last quarter. Amalgamated Bank boosted its holdings in Coeur Mining by 71.0% during the 1st quarter. Amalgamated Bank now owns 21,544 shares of the basic materials company's stock worth $128,000 after acquiring an additional 8,943 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Coeur Mining in the 1st quarter worth $813,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 8,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the transaction, the chief accounting officer owned 143,007 shares of the company's stock, valued at $1,661,741.34. The trade was a 5.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the sale, the director owned 140,000 shares in the company, valued at $1,619,800. The trade was a 25.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 266,619 shares of company stock valued at $2,975,112. Company insiders own 1.56% of the company's stock.

Coeur Mining Price Performance

NYSE CDE traded up $0.32 during trading hours on Wednesday, hitting $13.98. The company had a trading volume of 14,393,444 shares, compared to its average volume of 16,359,603. The firm has a 50 day simple moving average of $10.27 and a 200 day simple moving average of $7.94. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $14.13. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 37.78 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results 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 business had revenue of $480.65 million for the quarter, compared to analyst estimates 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 was up 116.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) EPS. Equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share 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.