Victory Capital Management Inc. Acquires 207,126 Shares of Coeur Mining, Inc. (NYSE:CDE)

Victory Capital Management Inc. boosted its holdings in Coeur Mining, Inc. (NYSE:CDE) by 426.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 255,740 shares of the basic materials company’s stock after acquiring an additional 207,126 shares during the period. Victory Capital Management Inc.’s holdings in Coeur Mining were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CDE. Commonwealth Equity Services LLC raised its position in Coeur Mining by 103.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 52,031 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 26,493 shares during the last quarter. Sei Investments Co. grew its stake in Coeur Mining by 95.9% in the 4th quarter. Sei Investments Co. now owns 63,515 shares of the basic materials company’s stock valued at $363,000 after purchasing an additional 31,085 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Coeur Mining in the fourth quarter valued at approximately $461,000. LPL Financial LLC raised its position in shares of Coeur Mining by 37.5% in the fourth quarter. LPL Financial LLC now owns 291,920 shares of the basic materials company’s stock valued at $1,670,000 after purchasing an additional 79,558 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after buying an additional 3,178,785 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $9.21 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93. The company has a market capitalization of $5.89 billion, a PE ratio of 35.41 and a beta of 1.32. The company has a 50-day simple moving average of $8.96 and a two-hundred day simple moving average of $7.11. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $9.97.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 69.0% on a year-over-year basis. Research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Eduardo Luna sold 17,160 shares of the business’s 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 completion of the transaction, the director directly owned 101,841 shares of the company’s stock, valued at $797,415.03. The trade was a 14.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the transaction, the chief accounting officer directly owned 122,104 shares in the company, valued at approximately $903,569.60. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,061 shares of company stock valued at $667,775. Company insiders own 1.56% of the company’s stock.

Wall Street Analyst Weigh In

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

About Coeur Mining

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.