Coeur Mining, Inc. (NYSE:CDE) Shares Acquired by Cwm LLC

Key Points

• Cwm LLC has significantly increased its stake in Coeur Mining by 404.3% during the first quarter, now owning 46,833 shares worth approximately $277,000.
• Coeur Mining reported $0.11 earnings per share for the last quarter, exceeding analysts' expectations of ($0.01) per share, with quarterly revenue increasing by 69.0% compared to the previous year.
• Major research firms have recently given positive ratings to Coeur Mining, with Roth Capital raising its price target to $12.00 and the stock currently having a consensus rating of "Buy".

Cwm LLC grew its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 404.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 46,833 shares of the basic materials company's stock after acquiring an additional 37,546 shares during the period. Cwm LLC's holdings in Coeur Mining were worth $277,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CDE. City State Bank lifted its position in shares of Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after purchasing an additional 2,274 shares in the last quarter. Quarry LP increased its stake in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after buying an additional 5,968 shares during the period. Optiver Holding B.V. increased its stake in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after buying an additional 4,903 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in Coeur Mining during the 1st quarter worth approximately $61,000. Finally, DRW Securities LLC purchased a new position in Coeur Mining in the 4th quarter valued at approximately $60,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $9.30 on Friday. The stock's 50-day simple moving average is $8.90 and its 200-day simple moving average is $7.07. The firm has a market capitalization of $5.95 billion, a PE ratio of 35.75 and a beta of 1.32. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $9.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. During the same quarter in the previous year, the company earned ($0.05) EPS. The company's quarterly revenue was up 69.0% compared to the same quarter last year. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of recent research reports. National Bankshares set a $12.00 price objective on Coeur Mining in a research report on Friday, June 13th. Roth Capital restated a "buy" rating and set a $12.00 price target (up previously from $10.00) on shares of Coeur Mining in a report on Tuesday, July 1st. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Raymond James Financial reissued an "outperform" rating and set a $8.50 price objective on shares of Coeur Mining in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $9.21.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the transaction, the chief accounting officer directly owned 122,104 shares of the company's stock, valued at $903,569.60. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eduardo Luna sold 17,160 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the sale, the director owned 101,841 shares of the company's stock, valued at approximately $797,415.03. This represents a 14.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 90,061 shares of company stock valued at $667,775. Insiders own 1.50% of the company's stock.

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.

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