Coeur Mining, Inc. $CDE Holdings Raised by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Coeur Mining, acquiring an additional 53,119 shares, bringing its total holdings to approximately 982,868 shares valued at $5.8 million.
• Coeur Mining has received upgrades from multiple brokerages, with ratings varying from "Strong Buy" to "Hold," and an average target price of $9.79.
• The company reported a net margin of 13.06% and a 116.5% increase in year-over-year revenue, with earnings per share of $0.20, surpassing analyst expectations.

Wellington Management Group LLP grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 982,868 shares of the basic materials company's stock after purchasing an additional 53,119 shares during the period. Wellington Management Group LLP owned approximately 0.15% of Coeur Mining worth $5,819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CDE. Vanguard Group Inc. boosted its holdings in shares of Coeur Mining by 57.3% in the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock valued at $378,903,000 after acquiring an additional 23,303,638 shares in the last quarter. Nuveen LLC bought a new position in shares of Coeur Mining in the first quarter valued at approximately $27,519,000. Dimensional Fund Advisors LP boosted its holdings in shares of Coeur Mining by 26.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company's stock valued at $128,774,000 after acquiring an additional 4,594,097 shares in the last quarter. Two Sigma Advisers LP boosted its holdings 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 valued at $29,110,000 after acquiring an additional 4,080,600 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Coeur Mining in the fourth quarter valued at approximately $21,224,000. 63.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Pierre Beaudoin sold 48,362 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Aoife Mcgrath sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the senior vice president owned 203,318 shares of the company's stock, valued at approximately $2,376,787.42. This trade represents a 3.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 266,619 shares of company stock worth $2,975,112 in the last quarter. Insiders own 1.56% of the company's stock.

Coeur Mining Trading Up 4.9%

Shares of NYSE:CDE traded up $0.61 during mid-day trading on Friday, hitting $13.17. The stock had a trading volume of 14,126,381 shares, compared to its average volume of 14,006,552. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The company has a market cap of $8.47 billion, a PE ratio of 35.61 and a beta of 1.19. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $13.18. The company's 50 day moving average is $10.09 and its 200-day moving average is $7.86.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm's quarterly revenue was up 116.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS. On average, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CDE. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. BMO Capital Markets increased their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a report on Friday, June 13th. Roth Capital restated a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a report on Thursday, August 7th. Finally, Zacks Research upgraded shares of Coeur Mining to a "hold" rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $9.79.

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.