Regal Partners Ltd Buys New Shares in Coeur Mining, Inc. (NYSE:CDE)

Key Points

• Regal Partners Ltd acquired a new position in Coeur Mining, purchasing 235,599 shares valued at approximately $1.4 million.
• Institutional investors own 63.01% of Coeur Mining’s stock, with Vanguard Group increasing its stake by 57.3% during the 1st quarter.
• Coeur Mining reported a 116.5% increase in year-over-year revenue, achieving $480.65 million for the quarter and exceeding analyst expectations.

Regal Partners Ltd acquired a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 235,599 shares of the basic materials company's stock, valued at approximately $1,395,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. City State Bank raised its stake in 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 purchasing an additional 2,274 shares in the last quarter. Quarry LP increased its holdings in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after buying an additional 5,968 shares during the period. Optiver Holding B.V. increased its holdings in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after buying an additional 4,903 shares during the period. Banque Cantonale Vaudoise bought a new position in Coeur Mining in the 1st quarter valued at about $53,000. Finally, Kapitalo Investimentos Ltda bought a new position in Coeur Mining in the 1st quarter valued at about $60,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CDE shares. Roth Capital reaffirmed a "buy" rating and set a $13.00 price target on shares of Coeur Mining in a report on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. National Bankshares set a $12.00 price target on shares of Coeur Mining in a report on Friday, June 13th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Zacks Research raised shares of Coeur Mining to a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $9.79.

Insider Transactions at Coeur Mining

In other news, SVP Aoife Mcgrath sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the transaction, the senior vice president owned 203,318 shares in the company, valued at approximately $2,376,787.42. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Casey M. Nault sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $10.02, for a total transaction of $1,002,000.00. Following the completion of the transaction, the senior vice president owned 670,880 shares in the company, valued at $6,722,217.60. This trade represents a 12.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,522 shares of company stock worth $1,882,391. Company insiders own 1.50% of the company's stock.

Coeur Mining Trading Up 0.7%

CDE traded up $0.08 during trading on Friday, reaching $11.67. 35,659,003 shares of the company's stock were exchanged, compared to its average volume of 16,762,680. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $11.97. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $7.50 billion, a PE ratio of 31.54 and a beta of 1.16. The firm has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $7.49.

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

About Coeur Mining

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.