Nykredit A S Purchases Shares of 143,959 Coeur Mining, Inc. $CDE

Key Points

• Nykredit A/S acquired 143,959 shares of Coeur Mining in the second quarter, valued at approximately $2.35 million. Institutional investors and hedge funds collectively own 63.01% of CDE.
• Analysts maintain a generally positive outlook, with one Strong Buy, nine Buy, and four Hold ratings. Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $25.50.
• CDE shares recently traded at $20.51, up 5.1%, despite the company missing quarterly earnings and revenue estimates. Insiders have sold 51,000 shares worth about $1.06 million over the past three months.

Nykredit A S acquired a new position in 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. The institutional investor acquired 143,959 shares of the basic materials company's stock, valued at approximately $2,349,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDE. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Coeur Mining during the second quarter valued at $4,169,000. Saudi Central Bank grew its position in shares of Coeur Mining by 89.6% during the 2nd quarter. Saudi Central Bank now owns 72,417 shares of the basic materials company's stock valued at $1,182,000 after acquiring an additional 34,221 shares during the period. AlphaGrep UK Ltd acquired a new stake in shares of Coeur Mining during the 2nd quarter valued at about $527,000. Turner Financial Group Inc. purchased a new position in shares of Coeur Mining in the 2nd quarter valued at about $249,000. Finally, Oakmont Investment Advisors Inc. acquired a new position in Coeur Mining in the 2nd quarter worth about $947,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity at Coeur Mining

In related news, Director J. Kenneth Thompson sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the transaction, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas Whelan sold 6,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 51,000 shares of company stock worth $1,055,070. Insiders own 0.90% of the company's stock.

Coeur Mining Trading Up 5.1%

Shares of CDE stock opened at $20.51 on Wednesday. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a twelve month low of $13.55 and a twelve month high of $27.77. The company's 50-day moving average price is $18.55 and its 200-day moving average price is $18.41. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 17.53 and a beta of 1.39.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same period last year, the firm earned $0.20 earnings per share. Coeur Mining's revenue for the quarter was up 125.8% on a year-over-year basis. As a group, equities analysts predict that Coeur Mining, Inc. will post 0.9 earnings per share for the current year.

Coeur Mining Profile

Coeur Mining, Inc NYSE: CDE is a precious metals mining company that explores for, develops, and produces gold and silver. The company's activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur's operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.