Russell Investments Group Ltd. Has $948,000 Holdings in Coeur Mining, Inc. $CDE

Key Points

• Russell Investments Group Ltd. has reduced its holdings in Coeur Mining by 31.3%, selling 72,809 shares during the 1st quarter.
• Several large investors, including Vanguard Group Inc., have increased their positions in Coeur Mining, which now has 63.01% of its stock owned by institutional investors.
• Coeur Mining reported a 116.5% year-over-year revenue increase to $480.65 million in its latest quarterly earnings, beating analysts' expectations.

Russell Investments Group Ltd. trimmed its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,107 shares of the basic materials company's stock after selling 72,809 shares during the quarter. Russell Investments Group Ltd.'s holdings in Coeur Mining were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock valued at $378,903,000 after purchasing an additional 23,303,638 shares during the period. Tidal Investments LLC lifted its position in shares of Coeur Mining by 11.1% in the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock worth $76,326,000 after buying an additional 1,332,684 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Coeur Mining by 60.9% during the first quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company's stock valued at $50,564,000 after purchasing an additional 3,233,383 shares during the period. Two Sigma Investments LP raised its position in Coeur Mining by 57.8% during the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after purchasing an additional 2,641,310 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Coeur Mining by 43.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,358,385 shares of the basic materials company's stock worth $37,642,000 after buying an additional 1,927,578 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Coeur Mining Price Performance

Coeur Mining stock traded up $0.18 during mid-day trading on Thursday, reaching $14.15. The company had a trading volume of 19,949,066 shares, compared to its average volume of 14,075,827. The stock's 50-day simple moving average is $10.47 and its 200-day simple moving average is $8.04. The company has a market capitalization of $9.09 billion, a P/E ratio of 38.24 and a beta of 1.19. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $14.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60.

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. The company had revenue of $480.65 million for the quarter, compared to the consensus estimate of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. Coeur Mining's revenue was up 116.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, equities analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at Coeur Mining

In related news, SVP Aoife Mcgrath sold 8,000 shares of the firm's stock in a transaction 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 directly owned 203,318 shares in the company, valued at approximately $2,376,787.42. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pierre Beaudoin sold 48,362 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.57, for a total transaction of $559,548.34. Following the transaction, the director directly owned 140,000 shares of the company's stock, valued at $1,619,800. The trade was a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 266,619 shares of company stock valued at $2,975,112 over the last quarter. Company insiders own 1.50% 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.