Coeur Mining, Inc. $CDE Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in Coeur Mining, Inc. (NYSE:CDE) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,023 shares of the basic materials company’s stock after selling 3,140 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Coeur Mining were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. MAI Capital Management acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $25,000. Summer Road LLC acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $28,000. City State Bank boosted its holdings in shares of Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 2,274 shares during the last quarter. State of Wyoming acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $52,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $53,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coeur Mining

In related news, SVP Aoife Mcgrath sold 8,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.57, for a total transaction of $559,548.34. Following the completion of the transaction, the director owned 140,000 shares of the company’s stock, valued at $1,619,800. This represents a 25.68% 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 ninety days. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Zacks Research upgraded Coeur Mining to a “hold” rating in a report on Tuesday, August 12th. BMO Capital Markets upped their price objective 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 upgraded Coeur Mining to a “strong-buy” rating in a report on Thursday, June 12th. Roth Capital reiterated a “buy” rating and issued a $13.00 price objective on shares of Coeur Mining in a report on Thursday, August 7th. Finally, National Bankshares set a $12.00 price objective on Coeur Mining in a report on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $9.79.

Coeur Mining Stock Performance

NYSE:CDE opened at $18.83 on Friday. The firm has a market capitalization of $12.10 billion, a PE ratio of 50.89 and a beta of 1.22. The business’s fifty day moving average price is $13.55 and its 200 day moving average price is $9.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $19.37.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 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 analyst estimates of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.Coeur Mining’s revenue for the quarter was up 116.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) earnings per share. On average, sell-side analysts anticipate 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.