Nuveen LLC Acquires New Position in Coeur Mining, Inc. $CDE

Nuveen LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,648,556 shares of the basic materials company's stock, valued at approximately $27,519,000. Nuveen LLC owned approximately 0.73% of Coeur Mining at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CDE. City State Bank increased 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 acquiring an additional 2,274 shares during the period. Summit Investment Advisors Inc. increased its stake 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 during the period. Navellier & Associates Inc. increased its stake in Coeur Mining by 8.9% in the first quarter. Navellier & Associates Inc. now owns 41,876 shares of the basic materials company's stock valued at $228,000 after acquiring an additional 3,411 shares during the period. Optiver Holding B.V. increased 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 acquiring an additional 4,903 shares during the period. Finally, Highland Capital Management LLC increased its stake in Coeur Mining by 23.1% in the first quarter. Highland Capital Management LLC now owns 28,645 shares of the basic materials company's stock valued at $170,000 after acquiring an additional 5,378 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coeur Mining

In other news, SVP Casey M. Nault sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $10.02, for a total transaction of $1,002,000.00. Following the transaction, the senior vice president directly owned 670,880 shares in the company, valued at approximately $6,722,217.60. This represents a 12.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Aoife Mcgrath sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the transaction, the senior vice president owned 203,318 shares in the company, valued at $2,376,787.42. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,362 shares of company stock valued at $1,748,028 over the last ninety days. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. BMO Capital Markets upped their target price on shares of Coeur Mining from $11.00 to $12.00 and gave the company 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 price target on shares of Coeur Mining in a research report on Friday, June 13th. Finally, Roth Capital restated a "buy" rating and issued a $13.00 price target on shares of Coeur Mining in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Coeur Mining currently has an average rating of "Buy" and a consensus price target of $9.79.

Coeur Mining Price Performance

NYSE:CDE traded up $0.4960 on Friday, reaching $12.1660. The stock had a trading volume of 5,186,501 shares, compared to its average volume of 16,466,910. The company has a market capitalization of $7.82 billion, a P/E ratio of 32.96 and a beta of 1.16. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $12.30. 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 moving average price of $9.69 and a 200-day moving average price of $7.62.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (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 company had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. During the same period in the prior year, the business earned ($0.01) earnings per share. Coeur Mining's quarterly revenue was up 116.5% on a year-over-year basis. Research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS 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.