U S Global Investors Inc. Sells 17,000 Shares of Coeur Mining, Inc. $CDE

Key Points

• U S Global Investors Inc. sold 17,000 shares of Coeur Mining, Inc., reducing its stake by 3.5%, leaving it with approximately 464,000 shares valued at $4.11 million.
• Coeur Mining's stock has experienced a 2.3% decline and opened at $19.58, with analysts projecting a 0.58 EPS for the current year.
• Recent quarterly earnings showed a net revenue increase of 116.5% year-over-year, with earnings per share of $0.20, exceeding analyst expectations.

U S Global Investors Inc. reduced its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 464,000 shares of the basic materials company's stock after selling 17,000 shares during the period. U S Global Investors Inc. owned approximately 0.07% of Coeur Mining worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MAI Capital Management acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $25,000. Summer Road LLC acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $28,000. State of Wyoming acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $52,000. Banque Cantonale Vaudoise acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $53,000. Finally, Kathmere Capital Management LLC acquired a new position in shares of Coeur Mining in the 2nd quarter worth approximately $89,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Down 2.3%

NYSE:CDE opened at $19.58 on Friday. The stock's fifty day moving average price is $14.83 and its two-hundred day moving average price is $10.14. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $21.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 52.92 and a beta of 1.23.

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, beating 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 return on equity of 14.38% and a net margin of 13.06%.The firm's quarterly revenue was up 116.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) EPS. On average, analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on CDE shares. Roth Capital set a $20.00 target price on Coeur Mining and gave the stock a "buy" rating in a report on Friday, October 3rd. Zacks Research raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Raymond James Financial set a $22.00 price objective on Coeur Mining and gave the stock an "outperform" rating in a report on Friday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Coeur Mining in a report on Wednesday. Finally, National Bankshares set a $12.00 price objective on Coeur Mining in a report on Friday, June 13th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of "Buy" and an average target price of $13.54.

Insider Buying and Selling

In other news, Director Pierre Beaudoin sold 48,362 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $11.57, for a total value of $559,548.34. Following the transaction, the director owned 140,000 shares of the company's stock, valued at $1,619,800. This represents a 25.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Aoife Mcgrath sold 8,000 shares of the 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 516,619 shares of company stock worth $6,626,362 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

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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