Stratos Wealth Partners LTD. purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 37,331 shares of the basic materials company’s stock, valued at approximately $221,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. City State Bank grew its holdings in shares of Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 2,274 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in 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 in the last quarter. Xponance Inc. boosted its holdings in 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 in the last quarter. Optiver Holding B.V. boosted its holdings in 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 in the last quarter. Finally, Highland Capital Management LLC boosted its holdings in Coeur Mining by 23.1% in the first quarter. Highland Capital Management LLC now owns 28,645 shares of the basic materials company’s stock worth $170,000 after purchasing an additional 5,378 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Coeur Mining Stock Down 0.2%
CDE stock opened at $9.14 on Thursday. 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 52-week low of $4.57 and a 52-week high of $9.97. The company has a 50-day moving average of $8.63 and a two-hundred day moving average of $6.90. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 35.14 and a beta of 1.32.
Insider Buying and Selling at Coeur Mining
In related news, CAO Kenneth J. Watkinson sold 12,350 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the sale, the chief accounting officer owned 122,104 shares in the company, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eduardo Luna sold 17,160 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the completion of the sale, the director owned 101,841 shares of the company’s stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,061 shares of company stock worth $667,775 over the last ninety days. Company insiders own 1.50% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages 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. Raymond James Financial reiterated an “outperform” rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. Roth Capital reiterated a “buy” rating and issued a $12.00 price objective (up from $10.00) on shares of Coeur Mining in a report on Tuesday, July 1st. Finally, National Bankshares set a $12.00 price objective on shares of Coeur Mining in a report on Friday, June 13th. One investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $9.21.
View Our Latest Stock Analysis on Coeur Mining
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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