Curated Wealth Partners LLC Sells 128,530 Shares of Coeur Mining, Inc. $CDE

Key Points

• Curated Wealth Partners reduced its Coeur Mining stake by 85.6% in the third quarter, selling 128,530 shares and retaining 21,617 shares valued at approximately $380,000. Institutional investors and hedge funds collectively own 63.01% of CDE.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $25.50. Recent ratings included upgrades from Zacks Research and Weiss Ratings, although Scotiabank lowered its target to $26.50.
• Coeur Mining’s latest quarterly results missed expectations, reporting $0.12 in EPS versus $0.26 expected and revenue of $1.09 billion versus $1.24 billion forecast. Insiders have also sold 51,000 shares worth approximately $1.06 million over the past 90 days.

Curated Wealth Partners LLC cut its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 85.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,617 shares of the basic materials company's stock after selling 128,530 shares during the period. Curated Wealth Partners LLC's holdings in Coeur Mining were worth $380,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Coeur Mining by 0.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company's stock valued at $4,085,000 after buying an additional 701 shares during the last quarter. Krilogy Financial LLC purchased a new position in shares of Coeur Mining during the third quarter worth about $427,000. Steel Grove Capital Advisors LLC purchased a new position in shares of Coeur Mining during the third quarter worth about $213,000. GAMMA Investing LLC increased its position in Coeur Mining by 118.6% in the 3rd quarter. GAMMA Investing LLC now owns 37,520 shares of the basic materials company's stock valued at $660,000 after acquiring an additional 20,360 shares during the period. Finally, Venture Visionary Partners LLC acquired a new position in Coeur Mining in the 3rd quarter valued at about $185,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CDE has been the topic of a number of recent research reports. Zacks Research raised Coeur Mining from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Weiss Ratings upgraded Coeur Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Scotiabank lowered their target price on shares of 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, Roth Capital set a $19.00 target price on shares of Coeur Mining in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Insider Buying and Selling

In related news, CFO Thomas Whelan sold 6,000 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Also, Director J. Kenneth Thompson sold 25,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 51,000 shares of company stock worth $1,055,070. 0.90% of the stock is owned by company insiders.

Coeur Mining Price Performance

Coeur Mining stock opened at $15.47 on Friday. The firm's 50-day moving average is $19.18 and its two-hundred day moving average is $18.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The stock has a market capitalization of $15.90 billion, a P/E ratio of 13.22 and a beta of 1.37. Coeur Mining, Inc. has a 12-month low of $13.55 and a 12-month high of $27.77.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The business's quarterly revenue was up 125.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. Equities analysts predict that Coeur Mining, Inc. will post 0.88 earnings per share for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals mining company that explores, develops, and operates mines primarily producing gold and silver. The company also conducts related activities, including mineral exploration, project development, processing, and the sale of recovered metals.

Coeur's operating portfolio has included the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Rochester silver-gold mine in Nevada, and the Palmarejo and Las Chispas operations in Mexico.

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