LPL Financial LLC Has $3.92 Million Holdings in Coeur Mining, Inc. (NYSE:CDE)

LPL Financial LLC increased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 126.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 662,423 shares of the basic materials company’s stock after buying an additional 370,503 shares during the quarter. LPL Financial LLC owned 0.10% of Coeur Mining worth $3,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City State Bank increased its position 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 valued at $37,000 after acquiring an additional 2,274 shares during the last quarter. Quarry LP grew its holdings in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. grew its holdings in Coeur Mining by 150.5% during 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 during the period. Kapitalo Investimentos Ltda bought a new position in Coeur Mining during the first quarter worth about $60,000. Finally, Total Wealth Planning & Management Inc. bought a new position in Coeur Mining during the first quarter worth about $61,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of CDE opened at $11.67 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $7.50 billion, a P/E ratio of 31.54 and a beta of 1.16. The firm’s fifty day simple moving average is $9.50 and its two-hundred day simple moving average is $7.49. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $11.97.

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. The business had revenue of $480.65 million for the quarter, compared to analysts’ expectations of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The business’s quarterly revenue was up 116.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. As a group, analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Activity at Coeur Mining

In other news, 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 transaction, the director owned 101,841 shares of the company’s stock, valued at $797,415.03. This represents a 14.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kenneth J. Watkinson sold 8,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.62, for a total transaction of $92,960.00. Following the transaction, the chief accounting officer directly owned 143,007 shares in the company, valued at $1,661,741.34. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,522 shares of company stock worth $1,882,391. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. Zacks Research upgraded shares of Coeur Mining to a “hold” rating in a report on Tuesday. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Thursday, June 12th. BMO Capital Markets boosted their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Coeur Mining presently 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.