Wealth Enhancement Advisory Services LLC Invests $540,000 in Coeur Mining, Inc. (NYSE:CDE)

Wealth Enhancement Advisory Services LLC acquired a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 91,163 shares of the basic materials company's stock, valued at approximately $540,000.

Several other institutional investors also recently modified their holdings of the business. City State Bank grew its stake in shares of Coeur Mining by 56.9% in the first 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 last quarter. Summit Investment Advisors Inc. grew its stake in shares of Coeur Mining by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock worth $236,000 after purchasing an additional 2,624 shares during the last quarter. Xponance Inc. grew its stake in shares of Coeur Mining by 10.9% in the fourth quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after purchasing an additional 2,811 shares during the last quarter. Optiver Holding B.V. grew its stake in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Coeur Mining by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company's stock worth $7,143,000 after purchasing an additional 5,541 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Activity at Coeur Mining

In related news, Director Eduardo Luna sold 17,160 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the transaction, the director owned 101,841 shares of the company's stock, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the transaction, the director directly owned 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,061 shares of company stock valued at $667,775. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target on the stock. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. Raymond James Financial reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. Finally, Roth Capital reaffirmed a "buy" rating and set a $12.00 price target (up previously from $10.00) on shares of Coeur Mining in a research report on Tuesday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $9.21.

Coeur Mining Price Performance

CDE stock opened at $9.08 on Friday. The stock has a market capitalization of $5.81 billion, a PE ratio of 34.91 and a beta of 1.32. The company's 50-day moving average is $8.05 and its 200-day moving average is $6.72. 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 1 year low of $4.57 and a 1 year high of $9.69.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data 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 in the previous year, the firm posted ($0.05) EPS. The firm's revenue was up 69.0% compared to the same quarter last year. Equities 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.

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