Counterpoint Mutual Funds LLC Takes Position in Coeur Mining, Inc. $CDE

Key Points

• Counterpoint Mutual Funds LLC has acquired 39,945 shares of Coeur Mining, Inc., valued at approximately $354,000, marking a new position in the company during the second quarter.
• Coeur Mining has recently reported a quarterly EPS of $0.20, exceeding analyst expectations, with revenue rising significantly by 116.5% year-over-year to $480.65 million.
• Several institutional investors, including Freedom Investment Management and City State Bank, have increased their stakes in Coeur Mining, which indicates growing institutional confidence in the company.

Counterpoint Mutual Funds LLC purchased a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,945 shares of the basic materials company's stock, valued at approximately $354,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDE. Plancorp LLC boosted its holdings in Coeur Mining by 0.5% in the first quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock worth $1,781,000 after purchasing an additional 1,617 shares during the last quarter. Freedom Investment Management Inc. boosted its holdings in Coeur Mining by 3.6% in the first quarter. Freedom Investment Management Inc. now owns 64,444 shares of the basic materials company's stock worth $382,000 after purchasing an additional 2,253 shares during the last quarter. City State Bank boosted its holdings in Coeur Mining by 56.9% in 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 during the last quarter. Navellier & Associates Inc. boosted its holdings in Coeur Mining by 8.9% in the first quarter. Navellier & Associates Inc. now owns 41,876 shares of the basic materials company's stock worth $228,000 after purchasing an additional 3,411 shares during the last quarter. Finally, MAI Capital Management purchased a new stake in Coeur Mining in the first quarter worth approximately $25,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $17.46 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $18.53. The company has a market capitalization of $11.22 billion, a P/E ratio of 47.19 and a beta of 1.19. The firm's 50 day simple moving average is $12.44 and its two-hundred day simple moving average is $9.06.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, beating 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 business had revenue of $480.65 million for the quarter, compared to the consensus estimate of $438.40 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The company's revenue for the quarter was up 116.5% on a year-over-year basis. Research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred 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 owned 2,197,309 shares of the company's stock, valued at $32,190,576.85. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the sale, the senior vice president owned 568,623 shares in the company, valued at approximately $6,823,476. The trade was a 15.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 516,619 shares of company stock valued at $6,626,362. 1.50% of the stock is currently owned by company insiders.

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.

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