EP Wealth Advisors LLC Buys 13,929 Shares of Coeur Mining, Inc. $CDE

EP Wealth Advisors LLC increased its stake in Coeur Mining, Inc. (NYSE:CDE) by 67.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,457 shares of the basic materials company’s stock after purchasing an additional 13,929 shares during the period. EP Wealth Advisors LLC’s holdings in Coeur Mining were worth $204,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Coeur Mining by 57.3% in the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after purchasing an additional 23,303,638 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coeur Mining by 26.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock worth $128,774,000 after purchasing an additional 4,594,097 shares during the last quarter. Tidal Investments LLC increased its position in shares of Coeur Mining by 11.1% in the fourth 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 last quarter. Sprott Inc. increased its position in shares of Coeur Mining by 889.3% in the first 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 last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Coeur Mining by 60.9% in the first 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 last quarter. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CDE. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research report on Friday, June 13th. BMO Capital Markets upped their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Zacks Research upgraded shares of Coeur Mining to a “hold” rating in a research report on Tuesday, August 12th. Roth Capital reiterated a “buy” rating and set a $13.00 price target on shares of Coeur Mining in a research report on Thursday, August 7th. Finally, National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Thursday, June 12th. Three 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.79.

Insiders Place Their Bets

In related news, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the sale, the chief executive officer owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. This trade represents a 5.38% 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 valued at $6,626,362 over the last quarter. 1.50% of the stock is owned by company insiders.

Coeur Mining Stock Up 4.3%

Shares of Coeur Mining stock opened at $14.95 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $14.98. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 40.41 and a beta of 1.19. The company’s 50 day moving average price is $10.93 and its 200-day moving average price is $8.27.

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

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.