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

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its stake in shares of Coeur Mining by 404.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock worth $29,110,000 after acquiring an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Coeur Mining in the fourth quarter worth $21,224,000. Vanguard Group Inc. grew its stake 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 worth $232,805,000 after acquiring an additional 3,178,785 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Coeur Mining by 12,934.3% in the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after acquiring an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of 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 worth $41,245,000 after acquiring an additional 2,641,310 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the transaction, the chief accounting officer directly owned 122,104 shares of the company's stock, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.30, for a total value of $442,022.30. Following the completion of the sale, the director owned 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This trade represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,061 shares of company stock valued at $667,775. 1.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CDE. National Bankshares set a $12.00 price objective 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. TD Cowen raised Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James Financial reaffirmed an "outperform" rating and issued a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. Finally, TD Securities initiated coverage on Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of "Buy" and a consensus price target of $9.21.

Coeur Mining Price Performance

Shares of NYSE CDE traded down $0.64 during midday trading on Tuesday, reaching $8.85. 12,630,416 shares of the company traded hands, compared to its average volume of 13,251,680. The firm has a market cap of $5.66 billion, a PE ratio of 34.04 and a beta of 1.32. The stock's 50-day simple moving average is $8.19 and its 200-day simple moving average is $6.77. Coeur Mining, Inc. has a 12 month low of $4.57 and a 12 month high of $9.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm earned ($0.05) earnings per share. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal 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.