Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by Xponance Inc.

Xponance Inc. increased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 65.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,375 shares of the basic materials company’s stock after purchasing an additional 18,663 shares during the quarter. Xponance Inc.’s holdings in Coeur Mining were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CDE. City State Bank increased its position in Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock worth $37,000 after buying an additional 2,274 shares during the period. Quarry LP increased its holdings in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. increased its holdings 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 valued at $47,000 after purchasing an additional 4,903 shares during the period. ZEGA Investments LLC acquired a new position in shares of Coeur Mining in the fourth quarter valued at approximately $64,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Coeur Mining in the first quarter valued at approximately $61,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CDE. Raymond James Financial reiterated an “outperform” rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research report on Thursday, June 12th. Roth Capital restated a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Coeur Mining in a research note on Tuesday, July 1st. Finally, National Bankshares set a $12.00 price target on Coeur Mining in a research note on Friday, June 13th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $9.21.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $9.08 on Friday. The company has a market capitalization of $5.81 billion, a P/E ratio of 34.92 and a beta of 1.32. The business’s 50-day moving average price is $8.70 and its two-hundred day moving average price is $6.96. Coeur Mining, Inc. has a one year low of $4.57 and a one year 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) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 69.0% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. Analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Coeur Mining

In related news, Director Eduardo Luna sold 17,160 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pierre Beaudoin sold 60,551 shares of the 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 $1,375,042.60. The trade was a 24.33% 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 three months. Insiders own 1.50% of the company’s stock.

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.