Coeur Mining, Inc. $CDE Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC grew its position in Coeur Mining, Inc. (NYSE:CDE) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,035 shares of the basic materials company’s stock after buying an additional 1,818 shares during the quarter. Ballentine Partners LLC’s holdings in Coeur Mining were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CDE. Counterpoint Mutual Funds LLC purchased a new position in Coeur Mining in the second quarter valued at $354,000. Farther Finance Advisors LLC boosted its holdings in Coeur Mining by 17,945.6% in the second quarter. Farther Finance Advisors LLC now owns 32,843 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 32,661 shares during the period. Three Seasons Wealth LLC purchased a new position in Coeur Mining in the second quarter valued at $677,000. Range Financial Group LLC purchased a new position in Coeur Mining in the second quarter valued at $1,115,000. Finally, Voya Investment Management LLC boosted its holdings in Coeur Mining by 39.1% in the first quarter. Voya Investment Management LLC now owns 167,161 shares of the basic materials company’s stock valued at $990,000 after purchasing an additional 47,005 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

Shares of CDE stock opened at $18.79 on Wednesday. The stock has a market capitalization of $12.08 billion, a PE ratio of 50.78 and a beta of 1.19. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $19.17. The stock’s 50-day moving average price is $13.17 and its 200 day moving average price is $9.44. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $480.65 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted ($0.01) EPS. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Transactions at Coeur Mining

In related news, SVP Aoife Mcgrath sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total value of $93,520.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mitchell J. Krebs sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the transaction, the chief executive officer owned 2,197,309 shares in the company, valued at $32,190,576.85. The trade was 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 worth $6,626,362 over the last three months. 1.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.