Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Takes $5.69 Million Position in Coeur Mining, Inc. (NYSE:CDE)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 961,320 shares of the basic materials company's stock, valued at approximately $5,691,000. Coeur Mining makes up approximately 3.1% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's investment portfolio, making the stock its 9th largest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group owned approximately 0.15% of Coeur Mining as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. City State Bank lifted its position in shares of Coeur Mining by 56.9% in the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after purchasing an additional 2,274 shares during the period. Quarry LP increased its stake in shares of Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after acquiring an additional 5,968 shares in the last quarter. Optiver Holding B.V. increased its stake 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 bought a new stake in Coeur Mining during the 4th quarter valued at about $60,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Coeur Mining in the first quarter worth approximately $61,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Coeur Mining

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the sale, the director owned 188,362 shares of the company's stock, valued at $1,375,042.60. The trade was a 24.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $134,362.80. Following the sale, the director directly owned 101,841 shares in the company, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock valued at $667,775 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Coeur Mining Stock Down 1.1%

Shares of NYSE:CDE traded down $0.10 during trading on Friday, reaching $9.08. The stock had a trading volume of 8,395,083 shares, compared to its average volume of 13,424,987. The company has a market capitalization of $5.81 billion, a P/E ratio of 34.92 and a beta of 1.32. The company has a current ratio of 1.93, a quick ratio of 0.62 and a debt-to-equity ratio of 0.17. The firm's 50-day simple moving average is $8.70 and its 200 day simple moving average is $6.96. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $9.97.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. During the same quarter last year, the firm posted ($0.05) earnings per share. The firm's revenue was up 69.0% on a year-over-year basis. As a group, research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Coeur Mining 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.