Mountain Capital Investment Advisors Inc. Purchases New Shares in Coeur Mining, Inc. $CDE

Mountain Capital Investment Advisors Inc. acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,612 shares of the basic materials company’s stock, valued at approximately $95,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Coeur Mining by 57.3% during 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 in the last quarter. Sprott Inc. boosted its holdings in Coeur Mining by 889.3% in the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Coeur Mining by 72.5% during the 1st 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 in the last quarter. Pale Fire Capital SE acquired a new position in shares of Coeur Mining during the first quarter valued at approximately $29,143,000. Finally, Nuveen LLC purchased a new position in shares of Coeur Mining in the first quarter valued at approximately $27,519,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 8.9%

NYSE CDE opened at $21.04 on Monday. The business’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $10.75. 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 firm has a market cap of $13.52 billion, a PE ratio of 56.87 and a beta of 1.23. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $23.61.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $438.40 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Coeur Mining’s quarterly revenue was up 116.5% on a year-over-year basis. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CDE. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Roth Capital set a $20.00 price objective on Coeur Mining and gave the company a “buy” rating in a report on Friday, October 3rd. Raymond James Financial set a $22.00 target price on shares of Coeur Mining and gave the stock an “outperform” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, October 8th. Finally, BMO Capital Markets raised their price target 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. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $13.54.

Insider Activity at Coeur Mining

In other Coeur Mining news, SVP Casey M. Nault sold 102,257 shares of Coeur Mining stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the completion of the sale, the senior vice president directly owned 568,623 shares in the company, valued at $6,823,476. This trade represents a 15.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aoife Mcgrath sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the senior vice president directly owned 203,318 shares in the company, valued at $2,376,787.42. This trade represents a 3.79% decrease in their ownership of the stock. 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. 1.56% of the stock is owned by insiders.

Coeur Mining Company 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.