LPL Financial LLC Has $3.92 Million Stock Holdings in Coeur Mining, Inc. $CDE

Key Points

• LPL Financial LLC increased its holdings in Coeur Mining, Inc. by 126.9% during the first quarter, owning a total of 662,423 shares valued at approximately $3.92 million.
• Coeur Mining reported $0.20 EPS for its latest quarter, exceeding analysts' expectations and showing a 116.5% year-over-year revenue increase to $480.65 million.
• Coeur Mining's stock is rated an average of "Buy" by analysts, with a recent price target increase to $12.00 from various financial institutions.

LPL Financial LLC raised its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 126.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 662,423 shares of the basic materials company's stock after buying an additional 370,503 shares during the period. LPL Financial LLC owned approximately 0.10% of Coeur Mining worth $3,922,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. City State Bank grew its stake in shares of Coeur Mining by 56.9% in the 1st 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 during the last quarter. Quarry LP grew its stake 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 purchasing an additional 5,968 shares during the last quarter. Optiver Holding B.V. grew its stake in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $60,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $61,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Stock Up 1.7%

Shares of CDE stock traded up $0.19 during trading on Wednesday, hitting $11.45. 7,932,672 shares of the company were exchanged, compared to its average volume of 13,825,310. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 30.95 and a beta of 1.16. The business's 50-day simple moving average is $9.64 and its 200 day simple moving average is $7.59. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $11.97.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.62, for a total transaction of $92,960.00. Following the completion of the sale, the chief accounting officer directly owned 143,007 shares in the company, valued at approximately $1,661,741.34. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Casey M. Nault sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $10.02, for a total transaction of $1,002,000.00. Following the sale, the senior vice president owned 670,880 shares of the company's stock, valued at approximately $6,722,217.60. This represents a 12.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,362 shares of company stock valued at $1,748,028. 1.50% of the stock is owned by company insiders.

About Coeur Mining

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.