Russell Investments Group Ltd. Sells 72,809 Shares of Coeur Mining, Inc. $CDE

Russell Investments Group Ltd. reduced its holdings in Coeur Mining, Inc. (NYSE:CDE) by 31.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,107 shares of the basic materials company’s stock after selling 72,809 shares during the quarter. Russell Investments Group Ltd.’s holdings in Coeur Mining were worth $948,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CDE. Vanguard Group Inc. boosted its position in shares of Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after buying an additional 23,303,638 shares during the period. Tidal Investments LLC raised its position in Coeur Mining by 11.1% in the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company’s stock valued at $76,326,000 after buying an additional 1,332,684 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Coeur Mining by 60.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company’s stock valued at $50,564,000 after buying an additional 3,233,383 shares during the last quarter. Two Sigma Investments LP raised its position in Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after buying an additional 2,641,310 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Coeur Mining by 43.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,358,385 shares of the basic materials company’s stock valued at $37,642,000 after buying an additional 1,927,578 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research raised Coeur Mining to a “hold” rating in a research report on Tuesday, August 12th. National Bankshares set a $12.00 target price on Coeur Mining in a research report on Friday, June 13th. BMO Capital Markets lifted their target price on Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a research report on Thursday, June 12th. Finally, Roth Capital reissued a “buy” rating and set a $13.00 price target on shares of Coeur Mining in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Coeur Mining currently has an average rating of “Buy” and a consensus price target of $9.79.

Coeur Mining Stock Up 4.9%

CDE stock opened at $13.17 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $10.09 and a two-hundred day moving average price of $7.85. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 35.61 and a beta of 1.16. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $13.18.

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

Insiders Place Their Bets

In related news, CAO Kenneth J. Watkinson sold 8,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,661,741.34. The trade was a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pierre Beaudoin sold 48,362 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.57, for a total value of $559,548.34. Following the transaction, the director directly owned 140,000 shares in the company, valued at $1,619,800. The trade was a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 266,619 shares of company stock valued at $2,975,112 over the last 90 days. 1.50% of the stock is owned by insiders.

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.