Avantax Advisory Services Inc. Invests $69,000 in Coeur Mining, Inc. (NYSE:CDE)

Avantax Advisory Services Inc. purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,612 shares of the basic materials company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. City State Bank lifted its holdings in shares of Coeur Mining by 56.9% in 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 in the last quarter. Quarry LP lifted 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 worth $38,000 after buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. lifted 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 worth $47,000 after buying an additional 4,903 shares in the last quarter. Total Wealth Planning & Management Inc. bought a new position in shares of Coeur Mining in the first quarter worth approximately $61,000. Finally, Freestone Grove Partners LP purchased a new stake in Coeur Mining in the fourth quarter valued at approximately $65,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Up 3.3%

Shares of NYSE CDE opened at $11.65 on Monday. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $11.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The firm’s 50 day simple moving average is $9.24 and its two-hundred day simple moving average is $7.31. The stock has a market capitalization of $7.49 billion, a P/E ratio of 31.49 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The business had revenue of $480.65 million for the quarter, compared to analysts’ expectations of $438.40 million. During the same period last year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 116.5% on a year-over-year basis. As a group, analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Eduardo Luna sold 17,160 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the transaction, the director owned 101,841 shares in the company, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Casey M. Nault sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $10.02, for a total transaction of $1,002,000.00. Following the completion of the transaction, the senior vice president owned 670,880 shares in the company, valued at $6,722,217.60. This represents a 12.97% decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CDE shares. Roth Capital reaffirmed a “buy” rating and issued a $13.00 target price on shares of Coeur Mining in a research note on Thursday. BMO Capital Markets raised their target price on shares of Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday. National Bankshares set a $12.00 target price on shares of Coeur Mining in a research note on Friday, June 13th. Finally, National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.