Y Intercept Hong Kong Ltd bought a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 131,679 shares of the basic materials company's stock, valued at approximately $780,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC increased its holdings in Coeur Mining by 18.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 41,989 shares of the basic materials company's stock valued at $249,000 after purchasing an additional 6,587 shares during the last quarter. Foundry Partners LLC acquired a new stake in Coeur Mining in the 1st quarter valued at approximately $259,000. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in Coeur Mining in the 1st quarter valued at approximately $5,691,000. Jennison Associates LLC acquired a new stake in Coeur Mining in the 1st quarter valued at approximately $590,000. Finally, Victory Capital Management Inc. increased its holdings in Coeur Mining by 426.1% in the 1st quarter. Victory Capital Management Inc. now owns 255,740 shares of the basic materials company's stock valued at $1,514,000 after purchasing an additional 207,126 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.
Insider Buying and Selling
In related 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 directly owned 188,362 shares in the company, valued at $1,375,042.60. This trade represents a 24.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 owned 101,841 shares in the company, valued at $797,415.03. This represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock worth $667,775 in the last ninety days. 1.56% of the stock is owned by corporate insiders.
Coeur Mining Stock Down 1.6%
Shares of Coeur Mining stock traded down $0.14 during trading on Tuesday, hitting $8.95. 2,299,754 shares of the stock were exchanged, compared to its average volume of 16,733,986. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 34.35 and a beta of 1.32. The firm's 50-day moving average price is $8.93 and its 200 day moving average price is $7.10. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $9.97. 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 (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 the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. The company's quarterly revenue was up 69.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) earnings per share. As a group, analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have commented on CDE shares. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Roth Capital reissued a "buy" rating and issued a $12.00 price target (up previously from $10.00) on shares of Coeur Mining in a research report on Tuesday, July 1st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Coeur Mining currently has a consensus rating of "Buy" and an average target price of $9.21.
View Our Latest Stock Report on CDE
Coeur Mining Profile
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Free Report)
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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