Entropy Technologies LP Invests $363,000 in Coeur Mining, Inc. $CDE

Key Points

• Entropy Technologies LP recently acquired 61,300 shares of Coeur Mining, Inc., valuing the investment at approximately $363,000.
• Comparative increases in holdings by other investors show significant interest in Coeur Mining, with 63.01% of the stock currently owned by institutional investors.
• Coeur Mining reported earnings of $0.20 EPS for the last quarter, exceeding estimates and showing a revenue growth of 116.5% year-over-year.

Entropy Technologies LP purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 61,300 shares of the basic materials company's stock, valued at approximately $363,000.

A number of other institutional investors also recently bought and sold shares of CDE. City State Bank increased 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 acquiring an additional 2,274 shares during the period. Quarry LP lifted its holdings in shares of Coeur Mining by 853.8% in 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. grew its position in shares of 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 in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Coeur Mining during the first quarter valued at $53,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Coeur Mining in the first quarter valued at about $60,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Down 0.0%

Shares of CDE stock traded down $0.01 during trading hours on Monday, reaching $11.69. 4,013,536 shares of the stock were exchanged, compared to its average volume of 16,679,566. The business's fifty day moving average is $9.50 and its two-hundred day moving average is $7.50. The firm has a market capitalization of $7.51 billion, a P/E ratio of 31.58 and a beta of 1.16. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $11.97. 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 (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm's revenue was up 116.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CDE. Zacks Research upgraded shares of Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. BMO Capital Markets lifted their price target on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. National Bankshares set a $12.00 price objective on Coeur Mining in a report on Friday, June 13th. Finally, Roth Capital reaffirmed a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $9.79.

Insider Buying and Selling at Coeur Mining

In other news, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the sale, the director owned 101,841 shares of the company's stock, valued at $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Aoife Mcgrath sold 8,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the transaction, the senior vice president directly owned 203,318 shares of the company's stock, valued at $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,522 shares of company stock valued at $1,882,391. Corporate insiders own 1.50% of the company's stock.

Coeur Mining 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.