Hartree Partners LP Acquires Shares of 97,500 Coeur Mining, Inc. $CDE

Key Points

• Hartree Partners LP has acquired 97,500 shares of Coeur Mining, valued at approximately $577,000, indicating growing interest from institutional investors in the mining sector.
• Coeur Mining's shares are currently trading at approximately $12.06, with a 52-week high of $12.30 and significant revenue growth, reporting $480.65 million for the recent quarter.
• Multiple analysts have a positive outlook on Coeur Mining, with Roth Capital maintaining a "buy" rating and a target price of $13.00, while National Bank Financial upgraded the stock to "strong-buy."

Hartree Partners LP bought a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 97,500 shares of the basic materials company's stock, valued at approximately $577,000.

Other institutional investors have also added to or reduced their stakes in the company. Summer Road LLC acquired a new position in Coeur Mining in the first quarter valued at approximately $28,000. City State Bank lifted its stake 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 buying an additional 2,274 shares during the period. Quarry LP lifted its stake in Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after buying an additional 5,968 shares during the period. Optiver Holding B.V. lifted its stake in 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 valued at $47,000 after buying an additional 4,903 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Coeur Mining in the first quarter valued at approximately $53,000. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Coeur Mining Stock Up 1.5%

NYSE CDE traded up $0.19 on Wednesday, reaching $12.49. The company had a trading volume of 10,833,033 shares, compared to its average volume of 16,390,012. The stock has a market capitalization of $8.02 billion, a P/E ratio of 33.75 and a beta of 1.16. The company's fifty day moving average is $9.87 and its 200 day moving average is $7.73. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $12.56. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. The business had revenue of $480.65 million during the quarter, compared to analyst estimates of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.Coeur Mining's quarterly revenue was up 116.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 8,000 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the sale, the chief accounting officer directly owned 143,007 shares of the company's stock, valued at approximately $1,661,741.34. This represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Casey M. Nault sold 102,257 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $12.00, for a total value of $1,227,084.00. Following the completion of the transaction, the senior vice president owned 568,623 shares of the company's stock, valued at $6,823,476. This trade represents a 15.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 266,619 shares of company stock valued at $2,975,112. 1.56% of the stock is owned by corporate insiders.

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.