Coeur Mining, Inc. $CDE Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,980 shares of the basic materials company’s stock after purchasing an additional 8,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Coeur Mining were worth $1,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDE. Vanguard Group Inc. raised its position in 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 valued at $378,903,000 after purchasing an additional 23,303,638 shares during the period. Sprott Inc. boosted its stake in shares of Coeur Mining by 889.3% during the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock worth $66,963,000 after buying an additional 10,180,102 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Coeur Mining by 72.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock worth $106,801,000 after buying an additional 7,579,901 shares during the period. Pale Fire Capital SE purchased a new position in Coeur Mining during the first quarter worth about $29,143,000. Finally, Nuveen LLC purchased a new position in Coeur Mining during the first quarter worth about $27,519,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Transactions at Coeur Mining

In other Coeur Mining news, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $12.00, for a total value of $1,227,084.00. Following the transaction, the senior vice president owned 568,623 shares of the company’s stock, valued at approximately $6,823,476. The trade was a 15.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 directly owned 2,197,309 shares in the company, valued at $32,190,576.85. This trade represents a 5.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 516,619 shares of company stock valued at $6,626,362. 1.56% of the stock is currently owned by insiders.

Coeur Mining Trading Down 0.7%

Shares of Coeur Mining stock opened at $21.04 on Wednesday. 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 stock has a market capitalization of $13.52 billion, a P/E ratio of 56.85 and a beta of 1.23. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $21.80. The company has a 50-day simple moving average of $15.29 and a 200 day simple moving average of $10.37.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on CDE shares. Raymond James Financial set a $22.00 price objective on shares of Coeur Mining and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets boosted their target price 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. Roth Capital set a $20.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $13.54.

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.