Stratos Wealth Partners LTD. acquired a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 37,331 shares of the basic materials company's stock, valued at approximately $221,000.
Several other institutional investors and hedge funds have also made changes to their positions in CDE. City State Bank raised its stake in Coeur Mining by 56.9% during the first 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 period. Quarry LP boosted its holdings in shares of 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 during the period. Optiver Holding B.V. raised its stake in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Coeur Mining in the 4th quarter valued at $60,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Coeur Mining during the first quarter valued at approximately $61,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Roth Capital reissued a "buy" rating and set a $12.00 price target (up previously from $10.00) on shares of Coeur Mining in a research report on Tuesday, July 1st. National Bankshares set a $12.00 price target on shares of Coeur Mining in a report on Friday, June 13th. Raymond James Financial restated an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. Finally, National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of "Buy" and an average price target of $9.21.
Get Our Latest Stock Report on CDE
Coeur Mining Trading Down 1.1%
Shares of NYSE CDE traded down $0.10 during trading on Friday, hitting $9.08. 8,395,083 shares of the company were exchanged, compared to its average volume of 13,424,987. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $9.97. 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 firm has a market capitalization of $5.81 billion, a PE ratio of 34.92 and a beta of 1.32. The company has a fifty day moving average price of $8.70 and a 200-day moving average price of $6.96.
Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS 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%. The business's revenue was up 69.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) earnings per share. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.
Insiders Place Their Bets
In related news, Director Eduardo Luna sold 17,160 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 101,841 shares of the company's stock, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the sale, the chief accounting officer directly owned 122,104 shares in the company, valued at $903,569.60. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock worth $667,775 in the last three months. 1.50% of the stock is owned by insiders.
About Coeur Mining
(
Free Report)
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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