139,033 Shares in Coeur Mining, Inc. $CDE Bought by PDT Partners LLC

Key Points

• PDT Partners LLC invested approximately $823,000 in Coeur Mining, acquiring 139,033 shares during the first quarter.
• BMO Capital Markets has raised its price target for Coeur Mining shares from $11.00 to $12.00 and has rated the company as "outperform."
• Coeur Mining reported earnings per share of $0.20 for the latest quarter, exceeding analyst expectations and marking a 116.5% year-over-year revenue increase.

PDT Partners LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 139,033 shares of the basic materials company's stock, valued at approximately $823,000.

Several other large investors have also recently bought and sold shares of the stock. MAI Capital Management acquired a new stake in Coeur Mining during the first quarter worth about $25,000. Summer Road LLC acquired a new stake in Coeur Mining during the first quarter worth about $28,000. City State Bank grew its position in 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 buying an additional 2,274 shares in the last quarter. State of Wyoming acquired a new position in shares of Coeur Mining in the 1st quarter valued at $52,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Coeur Mining in the 1st quarter valued at $53,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CDE. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. Roth Capital restated a "buy" rating and issued a $13.00 price objective on shares of Coeur Mining in a research report on Thursday, August 7th. Zacks Research upgraded shares of Coeur Mining to a "hold" rating in a research report on Tuesday, August 12th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research report on Friday, June 13th. Finally, BMO Capital Markets raised their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the company 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 given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $9.79.

Insider Transactions at Coeur Mining

In other Coeur Mining news, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $12.00, for a total value of $1,227,084.00. Following the transaction, the senior vice president owned 568,623 shares of the company's stock, valued at approximately $6,823,476. The trade was a 15.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. The trade was a 5.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 516,619 shares of company stock valued at $6,626,362. 1.50% of the stock is currently owned by insiders.

Coeur Mining Trading Down 2.4%

Coeur Mining stock traded down $0.35 during midday trading on Tuesday, hitting $14.21. 5,680,461 shares of the stock were exchanged, compared to its average volume of 16,354,266. The company has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $8.18. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $14.93. The stock has a market capitalization of $9.13 billion, a PE ratio of 38.40 and a beta of 1.19. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm earned ($0.01) EPS. Coeur Mining's quarterly revenue was up 116.5% compared to the same quarter last year. Equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

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.