Edmond DE Rothschild Holding S.A. Purchases 75,226 Shares of Coeur Mining, Inc. $CDE

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Coeur Mining, Inc. by 39.3% to $1.58 million, owning a total of 266,586 shares following a purchase of 75,226 shares during the first quarter.
• Institutional ownership of Coeur Mining is high, with 63.01% of the stock held by institutional investors, including significant increases from firms like Envestnet Asset Management Inc. and Ameriprise Financial Inc.
• Coeur Mining recently reported quarterly earnings of $0.20 earnings per share, surpassing analysts' expectations and showing significant revenue growth of 116.5% year-over-year.

Edmond DE Rothschild Holding S.A. grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 39.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,586 shares of the basic materials company's stock after purchasing an additional 75,226 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Coeur Mining were worth $1,578,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. MAI Capital Management acquired a new stake in shares of Coeur Mining in the first quarter valued at about $25,000. Summer Road LLC bought a new stake in shares of Coeur Mining in the first quarter valued at approximately $28,000. City State Bank grew its stake in shares of 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 acquiring an additional 2,274 shares during the last quarter. State of Wyoming acquired a new position in Coeur Mining during the 1st quarter valued at $52,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Coeur Mining in the 1st quarter worth $53,000. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. Roth Capital reissued a "buy" rating and set a $13.00 price objective on shares of Coeur Mining in a report on Thursday, August 7th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. BMO Capital Markets raised their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, National Bankshares set a $12.00 price target on shares of Coeur Mining in a report on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $9.79.

Coeur Mining Trading Up 2.8%

NYSE:CDE traded up $0.42 on Thursday, hitting $15.36. 4,405,395 shares of the stock were exchanged, compared to its average volume of 16,296,098. The company's 50-day moving average price is $10.93 and its 200 day moving average price is $8.27. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $15.28. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 41.48 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 released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The firm had revenue of $480.65 million for the quarter, compared to the consensus estimate of $438.40 million. During the same quarter last year, the business posted ($0.01) EPS. The company's revenue for the quarter was up 116.5% on a year-over-year basis. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other Coeur Mining news, Director Pierre Beaudoin sold 48,362 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the transaction, the director directly owned 140,000 shares in the company, valued at $1,619,800. This trade represents a 25.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the sale, the senior vice president owned 568,623 shares of the company's stock, valued at approximately $6,823,476. The trade was a 15.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 516,619 shares of company stock worth $6,626,362 over the last three months. Company insiders own 1.50% of the company's stock.

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.