Nykredit A S Makes New Investment in Coeur Mining, Inc. $CDE

Key Points

• Nykredit A/S acquired 150,466 shares of Coeur Mining during the second quarter, valued at approximately $2.46 million. Institutional investors and hedge funds collectively own 63.01% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus rating of “Moderate Buy” and an average price target of $25.50, despite some target-price reductions.
• Coeur Mining recently reported $0.12 in quarterly EPS, below the $0.26 consensus estimate, while revenue rose 125.8% year over year to $1.09 billion. Shares opened at $21.26, up modestly, with insiders having sold 41,000 shares worth $844,470 in the latest quarter.

Nykredit A S acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,466 shares of the basic materials company's stock, valued at approximately $2,456,000.

Several other hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in Coeur Mining by 60.2% in the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company's stock worth $4,434,000 after purchasing an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company's stock valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company's stock valued at $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Coeur Mining in the first quarter worth $60,000. Finally, Intech Investment Management LLC raised its holdings in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company's stock worth $1,594,000 after buying an additional 99,256 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analyst Weigh In

CDE has been the subject of several research reports. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a research note on Friday, August 7th. Zacks Research upgraded Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Scotiabank dropped their price target on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Coeur Mining in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.50.

Insider Activity

In other news, CFO Thomas Whelan sold 6,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Casey Nault sold 10,000 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. The trade was a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,000 shares of company stock valued at $844,470 in the last quarter. 0.90% of the stock is currently owned by company insiders.

Coeur Mining Trading Up 0.1%

Shares of Coeur Mining stock opened at $21.26 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The firm has a fifty day moving average price of $17.71 and a 200 day moving average price of $18.78. Coeur Mining, Inc. has a 1 year low of $13.55 and a 1 year high of $27.77. The stock has a market cap of $21.85 billion, a PE ratio of 18.17 and a beta of 1.39.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining's revenue for the quarter was up 125.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. Equities research analysts predict that Coeur Mining, Inc. will post 0.86 earnings per share for the current year.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining's portfolio includes five principal operating mines and several exploration projects across North America and Australia.

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