1,764,293 Shares in Coeur Mining, Inc. (NYSE:CDE) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $10.45 million in Coeur Mining by acquiring 1,764,293 shares, representing 0.28% ownership as of the latest quarter.
• Directors Pierre Beaudoin and Eduardo Luna sold 60,551 and 17,160 shares, respectively, indicating decreases in their ownership of Coeur Mining stock.
• Coeur Mining reported a 69% increase in revenue year-over-year and generated a quarterly EPS of $0.11, surpassing analyst expectations.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,764,293 shares of the basic materials company's stock, valued at approximately $10,445,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.28% of Coeur Mining at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. City State Bank increased its holdings in Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 2,274 shares in the last quarter. Quarry LP increased its holdings in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. increased its holdings in Coeur Mining by 150.5% during the 4th 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 Coeur Mining during the 4th quarter valued at $60,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Coeur Mining during the 1st quarter valued at $61,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Trading Down 1.6%

Shares of NYSE CDE traded down $0.14 during midday trading on Tuesday, hitting $8.95. The stock had a trading volume of 2,299,754 shares, compared to its average volume of 16,733,986. The company's 50-day simple moving average is $8.93 and its 200 day simple moving average is $7.10. The firm has a market cap of $5.72 billion, a P/E ratio of 34.35 and a beta of 1.32. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $9.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.93 and a quick ratio of 0.62.

Coeur Mining (NYSE:CDE - Get Free Report) last released its 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 return on equity of 9.96% and a net margin of 10.11%. During the same period in the previous year, the company posted ($0.05) earnings per share. Coeur Mining's revenue was up 69.0% compared to the same quarter last year. Research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the sale, the chief accounting officer directly owned 122,104 shares of the company's stock, valued at $903,569.60. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the sale, the director directly 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 disclosure for this sale can be found here. Insiders sold a total of 90,061 shares of company stock valued at $667,775 over the last three months. Company insiders own 1.56% of the company's stock.

Analyst Upgrades and Downgrades

CDE has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. National Bankshares set a $12.00 price target on Coeur Mining in a report on Friday, June 13th. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Roth Capital reissued a "buy" rating and issued a $12.00 target price (up from $10.00) on shares of Coeur Mining in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $9.21.

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.