Coeur Mining, Inc. (NYSE:CDE) Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP reduced its stake in Coeur Mining, Inc. by 42.8%, owning 174,109 shares worth approximately $1.03 million after selling over 130,000 shares in the first quarter.
• Directors Eduardo Luna and Pierre Beaudoin sold significant amounts of company stock, with Luna selling 17,160 shares for about $134,362 while Beaudoin sold 60,551 shares for $442,022, reflecting declines in their holdings.
• Analysts have mixed ratings on Coeur Mining, with one maintaining a "strong-buy" designation and setting a price target of $12.00, while the average target price among analysts is currently $9.21.

GSA Capital Partners LLP cut its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 42.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,109 shares of the basic materials company's stock after selling 130,111 shares during the quarter. GSA Capital Partners LLP's holdings in Coeur Mining were worth $1,031,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CDE. City State Bank grew its holdings in Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after buying an additional 2,274 shares in the last quarter. Quarry LP raised its holdings in shares of Coeur Mining by 853.8% in the fourth 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. raised its holdings in shares of Coeur Mining by 150.5% in 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 during the period. DRW Securities LLC bought a new position in Coeur Mining in the fourth quarter worth approximately $60,000. Finally, Kapitalo Investimentos Ltda bought a new position in Coeur Mining in the first quarter worth approximately $60,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

CDE stock traded down $0.02 during trading on Friday, hitting $8.67. The stock had a trading volume of 11,433,726 shares, compared to its average volume of 9,652,571. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.93 and a quick ratio of 0.62. The company's 50-day moving average price is $9.01 and its two-hundred day moving average price is $7.16. The stock has a market capitalization of $5.55 billion, a P/E ratio of 33.35 and a beta of 1.32. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $9.97.

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

Analyst Ratings Changes

Several analysts have issued reports on CDE shares. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Roth Capital restated a "buy" rating and issued a $12.00 target price (up previously from $10.00) on shares of Coeur Mining in a research note on Tuesday, July 1st. Finally, National Bankshares set a $12.00 price objective on Coeur Mining in a research note on Friday, June 13th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $9.21.

Insiders Place Their Bets

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the sale, the chief accounting officer owned 122,104 shares of the company's stock, valued at approximately $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the sale, the director directly owned 101,841 shares in the company, valued at $797,415.03. This represents a 14.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock worth $667,775 over the last ninety days. 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.