Dynamic Technology Lab Private Ltd Has $846,000 Stock Holdings in Coeur Mining, Inc. $CDE

Key Points

• Dynamic Technology Lab Private Ltd has reduced its stake in Coeur Mining by 28.8%, selling 57,729 shares and leaving it with holdings worth $846,000.
• Major institutional investors have increased their positions in Coeur Mining, with Northern Trust Corp growing its stake by 10.4% and Ameriprise Financial increasing by 2,776.5% in the last quarter.
• The company's recent quarterly earnings showed a significant revenue increase of 116.5% year-over-year, surpassing analysts’ expectations with earnings of $0.20 per share.

Dynamic Technology Lab Private Ltd lowered its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 28.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 142,880 shares of the basic materials company's stock after selling 57,729 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Coeur Mining were worth $846,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. MAI Capital Management purchased a new position in Coeur Mining in the first quarter valued at about $25,000. Summer Road LLC purchased a new position in Coeur Mining in the first quarter valued at about $28,000. 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 valued at $37,000 after purchasing an additional 2,274 shares during the last quarter. State of Wyoming purchased a new position in Coeur Mining in the first quarter valued at about $52,000. Finally, Banque Cantonale Vaudoise purchased a new position in Coeur Mining in the first quarter valued at about $53,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insiders Place Their Bets

In related news, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the transaction, the senior vice president directly owned 568,623 shares in the company, valued at $6,823,476. The trade was a 15.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the sale, the senior vice president directly owned 203,318 shares of the company's stock, valued at approximately $2,376,787.42. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 516,619 shares of company stock worth $6,626,362. Corporate insiders own 1.50% of the company's stock.

Coeur Mining Price Performance

Shares of CDE stock traded up $0.17 during mid-day trading on Friday, hitting $15.54. 12,333,795 shares of the stock traded hands, compared to its average volume of 12,152,675. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $15.75. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 42.01 and a beta of 1.19. The company's 50-day simple moving average is $11.19 and its 200-day simple moving average is $8.46. 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 issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) 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 analysts' expectations of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The company's quarterly revenue was up 116.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CDE. Zacks Research raised Coeur Mining to a "hold" rating in a report on Tuesday, August 12th. Roth Capital reissued a "buy" rating and issued 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 research note on Friday, June 13th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, BMO Capital Markets lifted their price target on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $9.79.

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.