Vest Financial LLC Makes New Investment in Coeur Mining, Inc. $CDE

Key Points

• Vest Financial LLC acquired 95,099 Coeur Mining shares in the third quarter, valued at approximately $1.67 million. Institutional investors and hedge funds collectively own 63.01% of the company.
• Coeur Mining’s latest quarterly results fell short of expectations, with EPS of $0.12 versus the $0.26 consensus and revenue of $1.09 billion versus $1.24 billion expected, although revenue increased 125.8% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $25.50 price target, while insiders sold 51,000 shares worth about $1.06 million over the past 90 days.

Vest Financial LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 95,099 shares of the basic materials company's stock, valued at approximately $1,674,000.

Other large investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new stake in Coeur Mining in the third quarter valued at about $648,000. Quadrant Capital Group LLC acquired a new position in Coeur Mining in the third quarter valued at about $660,000. Nisa Investment Advisors LLC lifted its stake in Coeur Mining by 26.0% in the third quarter. Nisa Investment Advisors LLC now owns 68,328 shares of the basic materials company's stock valued at $1,203,000 after buying an additional 14,109 shares during the period. Integrated Advisors Network LLC bought a new position in Coeur Mining during the third quarter worth about $248,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Coeur Mining by 2.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 438,727 shares of the basic materials company's stock worth $7,722,000 after buying an additional 8,846 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Price Performance

Shares of CDE stock opened at $13.43 on Friday. Coeur Mining, Inc. has a 12-month low of $13.15 and a 12-month high of $27.77. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 11.48 and a beta of 1.37. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $18.78 and a 200-day moving average of $17.94.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining's quarterly revenue was up 125.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.84 earnings per share for the current year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the transaction, the director directly owned 257,333 shares of the company's stock, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Casey Nault sold 10,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the executive vice president owned 540,086 shares of the company's stock, valued at $10,801,720. This trade represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 51,000 shares of company stock valued at $1,055,070. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CDE shares. Scotiabank decreased their target price on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Coeur Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.50.

About Coeur Mining

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur's operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.

Want to see what other hedge funds are holding CDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coeur Mining, Inc. (NYSE:CDE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.