Pekin Hardy Strauss Inc. Buys Shares of 218,849 Coeur Mining, Inc. (NYSE:CDE)

Pekin Hardy Strauss Inc. bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 218,849 shares of the basic materials company's stock, valued at approximately $1,296,000.

A number of other institutional investors have also made changes to their positions in CDE. City State Bank lifted its holdings 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 acquiring an additional 2,274 shares during the last quarter. Quarry LP lifted its stake in Coeur Mining by 853.8% during the fourth 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 in the last quarter. Optiver Holding B.V. lifted its stake in Coeur Mining by 150.5% during the fourth 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 in the last quarter. ZEGA Investments LLC purchased a new position in shares of Coeur Mining during the fourth quarter worth $64,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in shares of Coeur Mining in the first quarter valued at $61,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coeur Mining

In other news, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the completion of the sale, the director directly owned 101,841 shares of the company's stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pierre Beaudoin sold 60,551 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the transaction, the director owned 188,362 shares of the company's stock, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,061 shares of company stock valued at $667,775. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

CDE has been the topic of several research reports. TD Securities began coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price on the stock. Raymond James Financial reiterated an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Coeur Mining presently has a consensus rating of "Buy" and a consensus price target of $9.21.

Coeur Mining Stock Performance

Shares of CDE opened at $9.48 on Tuesday. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $9.69. The stock has a market capitalization of $6.06 billion, a PE ratio of 36.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93. The stock has a 50-day simple moving average of $8.12 and a 200-day simple moving average of $6.75.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. During the same period in the previous year, the business earned ($0.05) EPS. The company's quarterly revenue was up 69.0% compared to the same quarter last year. On average, analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share 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.

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