Janney Montgomery Scott LLC Purchases 1,602 Shares of Coeur Mining, Inc. $CDE

Janney Montgomery Scott LLC boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,702 shares of the basic materials company’s stock after purchasing an additional 1,602 shares during the period. Janney Montgomery Scott LLC’s holdings in Coeur Mining were worth $210,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CDE. Vanguard Group Inc. boosted its position in 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 valued at $378,903,000 after purchasing an additional 23,303,638 shares during the last quarter. Sprott Inc. lifted 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 valued at $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 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 purchasing an additional 7,579,901 shares during the period. Pale Fire Capital SE bought a new stake in Coeur Mining in the 1st quarter valued at $29,143,000. Finally, Nuveen LLC bought a new stake in Coeur Mining in the 1st quarter valued at $27,519,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Pierre Beaudoin sold 48,362 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.57, for a total value of $559,548.34. Following the transaction, the director directly owned 140,000 shares of the company’s stock, valued at $1,619,800. The trade was a 25.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Casey M. Nault sold 102,257 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the transaction, the senior vice president directly owned 568,623 shares in the company, valued at approximately $6,823,476. This trade represents a 15.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 516,619 shares of company stock worth $6,626,362 over the last three months. Insiders own 1.56% of the company’s stock.

Coeur Mining Stock Down 16.2%

Shares of CDE opened at $18.46 on Wednesday. The company has a market capitalization of $11.86 billion, a PE ratio of 49.88 and a beta of 1.23. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $23.61. The stock’s 50-day moving average price is $16.31 and its two-hundred day moving average price is $10.93. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $480.65 million for the quarter, compared to the consensus estimate of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The business’s quarterly revenue was up 116.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. On average, analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CDE. Raymond James Financial set a $22.00 price objective on Coeur Mining and gave the stock an “outperform” rating in a research report on Friday, October 10th. Roth Capital set a $20.00 price objective on Coeur Mining and gave the stock a “buy” rating in a research report on Friday, October 3rd. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets raised their price objective on Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $13.54.

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.