Victory Capital Management Inc. Has $1.51 Million Holdings in Coeur Mining, Inc. (NYSE:CDE)

Key Points

• Victory Capital Management Inc. significantly increased its stake in Coeur Mining by acquiring 207,126 shares, raising their total ownership to 255,740 shares, valued at approximately $1.5 million.
• Coeur Mining reported a quarterly earnings per share of $0.11, exceeding analysts' expectations and marking a substantial revenue increase of 69% year-over-year.
• Institutional investors own 63.01% of Coeur Mining, with various investment firms notably increasing their holdings during the last quarter.

Victory Capital Management Inc. grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 426.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,740 shares of the basic materials company's stock after buying an additional 207,126 shares during the quarter. Victory Capital Management Inc.'s holdings in Coeur Mining were worth $1,514,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Coeur Mining by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock valued at $232,805,000 after purchasing an additional 3,178,785 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Coeur Mining by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock worth $98,137,000 after buying an additional 282,885 shares in the last quarter. Tidal Investments LLC increased its holdings in Coeur Mining by 11.1% during the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock worth $76,326,000 after purchasing an additional 1,332,684 shares during the last quarter. Two Sigma Investments LP raised its holdings in Coeur Mining by 57.8% in 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 acquiring an additional 2,641,310 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Coeur Mining by 404.6% during the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock worth $29,110,000 after buying an additional 4,080,600 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CDE. National Bankshares set a $12.00 target price on shares of Coeur Mining in a research note on Friday, June 13th. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Roth Capital reissued a "buy" rating and set a $12.00 target price (up previously from $10.00) on shares of Coeur Mining in a research note on Tuesday, July 1st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $9.21.

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the sale, the chief accounting officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction that occurred 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 $797,415.03. The trade was a 14.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,061 shares of company stock worth $667,775 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Coeur Mining Trading Down 0.2%

Coeur Mining stock traded down $0.02 during midday trading on Friday, reaching $8.67. The stock had a trading volume of 11,424,913 shares, compared to its average volume of 16,667,645. The firm's fifty day simple moving average is $9.00 and its two-hundred day simple moving average is $7.14. 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, Inc. has a twelve month low of $4.57 and a twelve month high of $9.97. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 33.35 and a beta of 1.32.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. The business's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) earnings per share. Equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

About Coeur Mining

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.