Rhumbline Advisers Has $5.36 Million Holdings in Coeur Mining, Inc. $CDE

Key Points

• Rhumbline Advisers increased its stake in Coeur Mining by 44.7%, owning 904,652 shares valued at approximately $5.36 million.
• Other institutional investors also raised their stakes significantly, with Vanguard Group increasing its holdings by 57.3% and Sprott Inc. boosting theirs by an astounding 889.3%.
• The latest earnings report showed Coeur Mining outperforming expectations with $0.20 EPS on revenue of $480.65 million, a substantial increase of 116.5% year-over-year.

Rhumbline Advisers raised its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 44.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 904,652 shares of the basic materials company's stock after purchasing an additional 279,626 shares during the quarter. Rhumbline Advisers owned 0.14% of Coeur Mining worth $5,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in Coeur Mining by 2,776.5% in the 4th quarter. Ameriprise Financial Inc. now owns 861,797 shares of the basic materials company's stock worth $4,929,000 after buying an additional 831,837 shares during the period. Gotham Asset Management LLC boosted its holdings in Coeur Mining by 119.8% during the 4th quarter. Gotham Asset Management LLC now owns 76,637 shares of the basic materials company's stock valued at $438,000 after acquiring an additional 41,778 shares during the period. Janus Henderson Group PLC increased its position in shares of Coeur Mining by 51.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,322,714 shares of the basic materials company's stock valued at $7,560,000 after acquiring an additional 447,447 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Coeur Mining by 48.3% during the fourth quarter. Nuveen Asset Management LLC now owns 4,077,705 shares of the basic materials company's stock valued at $23,324,000 after acquiring an additional 1,327,622 shares in the last quarter. Finally, Man Group plc lifted its holdings in Coeur Mining by 492.9% in the fourth quarter. Man Group plc now owns 1,139,842 shares of the basic materials company's stock worth $6,520,000 after buying an additional 947,602 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Performance

Shares of CDE traded up $1.38 during mid-day trading on Monday, reaching $16.91. 21,080,653 shares of the company's stock were exchanged, compared to its average volume of 12,152,675. The business's fifty day simple moving average is $11.34 and its 200-day simple moving average is $8.54. 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 stock has a market capitalization of $10.87 billion, a PE ratio of 45.69 and a beta of 1.19. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $16.93.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly 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 business had revenue of $480.65 million for the quarter, compared to analysts' expectations of $438.40 million. During the same period in the prior year, the company posted ($0.01) EPS. The business's revenue for the quarter was up 116.5% on a year-over-year basis. On average, equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted 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. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research note on Friday, June 13th. Roth Capital restated a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a report on Thursday, August 7th. Finally, Zacks Research raised Coeur Mining to a "hold" rating in a research report on Tuesday, August 12th. Three 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 stock. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and an average price target of $9.79.

Insider Activity at Coeur Mining

In related news, SVP Casey M. Nault sold 102,257 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the sale, the senior vice president directly owned 568,623 shares of the company's stock, valued at approximately $6,823,476. This represents a 15.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director owned 140,000 shares in the company, valued at approximately $1,619,800. This represents a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 516,619 shares of company stock worth $6,626,362 over the last ninety days. Company insiders own 1.56% of the company's stock.

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.