16,734 Shares in Coeur Mining, Inc. $CDE Acquired by Vident Advisory LLC

Vident Advisory LLC purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,734 shares of the basic materials company’s stock, valued at approximately $99,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Coeur Mining by 57.3% in the 1st 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. Dimensional Fund Advisors LP increased its holdings in Coeur Mining by 26.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock worth $128,774,000 after buying an additional 4,594,097 shares during the period. Tidal Investments LLC grew its stake in shares of Coeur Mining by 11.1% during the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company’s stock worth $76,326,000 after purchasing an additional 1,332,684 shares during the period. Sprott Inc. grew its stake in shares of Coeur Mining by 889.3% during the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock worth $66,963,000 after purchasing an additional 10,180,102 shares during the period. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Coeur Mining by 60.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company’s stock worth $50,564,000 after purchasing an additional 3,233,383 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 8,000 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $11.62, for a total value of $92,960.00. Following the transaction, the chief accounting officer owned 143,007 shares in the company, valued at approximately $1,661,741.34. This trade represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Aoife Mcgrath sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the completion of the transaction, the senior vice president owned 203,318 shares in the company, valued at $2,376,787.42. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 516,619 shares of company stock worth $6,626,362 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CDE. Roth Capital reaffirmed a “buy” rating and set a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 7th. BMO Capital Markets raised 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. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research note on Thursday, June 12th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. Finally, Zacks Research raised shares of Coeur Mining to a “hold” rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $9.79.

Coeur Mining Trading Up 4.3%

Shares of CDE stock opened at $14.95 on Thursday. The stock’s fifty day moving average is $10.93 and its two-hundred day moving average is $8.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The firm has a market capitalization of $9.61 billion, a P/E ratio of 40.41 and a beta of 1.19. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $14.98.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data 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. The company had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The firm’s revenue for the quarter was up 116.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. Research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

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.