Ieq Capital LLC Has $534,000 Position in Coeur Mining, Inc. $CDE

Key Points

• Ieq Capital LLC increased its stake in Coeur Mining, Inc. by 177.3% in the first quarter, owning a total of 90,271 shares valued at $534,000.
• Insider selling activity has been noted, with SVP Casey M. Nault selling over 102,000 shares recently, reducing their ownership by 15.24%.
• Multiple brokerages have upgraded Coeur Mining's stock ratings, with a consensus average target price now around $9.79 despite varying individual target prices.

Ieq Capital LLC raised its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 177.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,271 shares of the basic materials company's stock after acquiring an additional 57,715 shares during the quarter. Ieq Capital LLC's holdings in Coeur Mining were worth $534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summer Road LLC bought a new position in Coeur Mining in the first quarter valued at approximately $28,000. City State Bank boosted 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 purchasing an additional 2,274 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Coeur Mining during the first quarter worth $53,000. Kapitalo Investimentos Ltda bought a new position in shares of Coeur Mining during the first quarter worth $60,000. Finally, Total Wealth Planning & Management Inc. bought a new position in shares of Coeur Mining during the first quarter worth $61,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Down 2.2%

Shares of NYSE:CDE traded down $0.32 during midday trading on Tuesday, reaching $14.25. 4,674,214 shares of the company were exchanged, compared to its average volume of 16,344,937. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $14.93. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $8.18. The firm has a market cap of $9.16 billion, a PE ratio of 38.47 and a beta of 1.19.

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

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 8,000 shares of Coeur Mining stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.62, for a total value of $92,960.00. Following the sale, the chief accounting officer directly owned 143,007 shares in the company, valued at approximately $1,661,741.34. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pierre Beaudoin sold 48,362 shares of Coeur Mining stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.57, for a total transaction of $559,548.34. Following the completion of the sale, the director owned 140,000 shares in the company, valued at $1,619,800. The trade was a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.