Voya Investment Management LLC Purchases 47,005 Shares of Coeur Mining, Inc. $CDE

Voya Investment Management LLC grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 39.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,161 shares of the basic materials company's stock after acquiring an additional 47,005 shares during the quarter. Voya Investment Management LLC's holdings in Coeur Mining were worth $990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Coeur Mining by 44.7% in the 1st quarter. Rhumbline Advisers now owns 904,652 shares of the basic materials company's stock worth $5,356,000 after acquiring an additional 279,626 shares during the last quarter. Strs Ohio bought a new position in shares of Coeur Mining during the 1st quarter valued at approximately $699,000. GK Wealth Management LLC bought a new position in shares of Coeur Mining during the 1st quarter valued at approximately $113,000. Intech Investment Management LLC increased its position in shares of Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company's stock valued at $1,594,000 after purchasing an additional 99,256 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in shares of Coeur Mining during the 1st quarter valued at approximately $60,000. Institutional investors own 63.01% of the company's stock.

Insiders Place Their Bets

In other Coeur Mining news, Director Pierre Beaudoin sold 48,362 shares of the company's 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 completion of the sale, the director directly owned 140,000 shares in the company, valued at approximately $1,619,800. This represents a 25.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mitchell J. Krebs sold 125,000 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the sale, the chief executive officer owned 2,197,309 shares of the company's stock, valued at $32,190,576.85. This represents a 5.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 516,619 shares of company stock worth $6,626,362. 1.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CDE has been the topic of several analyst reports. Roth Capital reissued a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a research report on Thursday, August 7th. BMO Capital Markets boosted their target price on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Zacks Research raised Coeur Mining to a "hold" rating in a research report on Tuesday, August 12th. Finally, National Bankshares set a $12.00 target price on Coeur Mining in a research report on Friday, June 13th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Coeur Mining has an average rating of "Buy" and an average price target of $9.79.

Coeur Mining Price Performance

CDE opened at $18.05 on Wednesday. The business has a fifty day moving average of $12.27 and a 200 day moving average of $9.00. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $18.44. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market cap of $11.60 billion, a P/E ratio of 48.77 and a beta of 1.19.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The company had revenue of $480.65 million during the quarter, compared to analysts' expectations of $438.40 million. During the same quarter in the previous year, the business earned ($0.01) EPS. Coeur Mining's revenue was up 116.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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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