PKO Investment Management Joint Stock Co Boosts Stock Position in Coeur Mining, Inc. $CDE

Key Points

• PKO Investment Management Joint Stock Co increased its stake in Coeur Mining, Inc. by 37.0% during the second quarter, bringing their total shares to 229,419 valued at $2,033,000.
• A variety of analysts have given positive ratings on Coeur Mining, with Roth Capital setting a price target of $20.00 and Zacks Research upgrading the stock to a "strong-buy" rating.
• Coeur Mining reported a quarterly revenue of $480.65 million, a 116.5% increase compared to the previous year, and has expectations of posting earnings of 0.58 EPS for the current year.

PKO Investment Management Joint Stock Co raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 37.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 229,419 shares of the basic materials company's stock after acquiring an additional 62,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Coeur Mining were worth $2,033,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BFI Infinity Ltd. raised its holdings in Coeur Mining by 3.2% during the second quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company's stock worth $386,000 after purchasing an additional 1,355 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Coeur Mining by 7.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company's stock valued at $210,000 after buying an additional 1,602 shares during the last quarter. Plancorp LLC raised its stake in Coeur Mining by 0.5% during the 1st quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock worth $1,781,000 after acquiring an additional 1,617 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Coeur Mining by 13.8% in the 2nd quarter. Ballentine Partners LLC now owns 15,035 shares of the basic materials company's stock valued at $133,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Freedom Investment Management Inc. boosted its holdings in shares of Coeur Mining by 3.6% in the first quarter. Freedom Investment Management Inc. now owns 64,444 shares of the basic materials company's stock valued at $382,000 after acquiring an additional 2,253 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Roth Capital set a $20.00 price target on Coeur Mining and gave the company a "buy" rating in a research note on Friday, October 3rd. BMO Capital Markets increased their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Raymond James Financial set a $22.00 price objective on Coeur Mining and gave the stock an "outperform" rating in a report on Friday, October 10th. Zacks Research raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Coeur Mining in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and a consensus price target of $13.54.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.62, for a total value of $92,960.00. Following the sale, the chief accounting officer directly owned 143,007 shares in the company, valued at $1,661,741.34. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the senior vice president directly owned 203,318 shares of the company's stock, valued at approximately $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 516,619 shares of company stock worth $6,626,362 over the last three months. Insiders own 1.50% of the company's stock.

Coeur Mining Stock Performance

Coeur Mining stock opened at $18.66 on Friday. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $23.61. The company has a fifty day moving average price of $16.74 and a two-hundred day moving average price of $11.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The company has a market cap of $11.99 billion, a PE ratio of 50.42 and a beta of 1.23.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The company had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. Coeur Mining's quarterly revenue was up 116.5% compared to the same quarter last year. Research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current 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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