Foundry Partners LLC Purchases Shares of 43,725 Coeur Mining, Inc. (NYSE:CDE)

Foundry Partners LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,725 shares of the basic materials company's stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. City State Bank lifted its holdings in shares of Coeur Mining by 56.9% during the 1st 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. Summit Investment Advisors Inc. grew its position in Coeur Mining by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock valued at $236,000 after acquiring an additional 2,624 shares in the last quarter. Xponance Inc. grew its position in shares of Coeur Mining by 10.9% during the fourth quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after buying an additional 2,811 shares in the last quarter. Optiver Holding B.V. grew its position in shares of Coeur Mining by 150.5% during the fourth 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. Finally, Highland Capital Management LLC grew its position in shares of Coeur Mining by 23.1% during the first quarter. Highland Capital Management LLC now owns 28,645 shares of the basic materials company's stock worth $170,000 after buying an additional 5,378 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eduardo Luna sold 17,160 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the sale, the director directly owned 101,841 shares in the company, valued at approximately $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the sale, the chief accounting officer owned 122,104 shares in the company, valued at approximately $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,061 shares of company stock worth $667,775 in the last three months. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of research reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. Roth Capital reiterated a "buy" rating and issued a $12.00 target price (up from $10.00) on shares of Coeur Mining in a research note on Tuesday, July 1st. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $9.21.

Coeur Mining Trading Down 1.2%

CDE traded down $0.12 during trading on Thursday, reaching $9.40. The company had a trading volume of 2,575,726 shares, compared to its average volume of 16,931,311. The firm's 50-day simple moving average is $8.82 and its 200 day simple moving average is $7.02. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 36.21 and a beta of 1.32. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $9.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. The company's revenue for the quarter was up 69.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. Equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.