Vanguard Personalized Indexing Management LLC Acquires 8,749 Shares of Coeur Mining, Inc. $CDE

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 25.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 42,720 shares of the basic materials company’s stock after purchasing an additional 8,749 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Coeur Mining were worth $379,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Abel Hall LLC grew its holdings in Coeur Mining by 43.3% during the second quarter. Abel Hall LLC now owns 16,491 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 4,980 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Coeur Mining by 6.4% during the second quarter. KLP Kapitalforvaltning AS now owns 132,980 shares of the basic materials company’s stock worth $1,178,000 after acquiring an additional 8,000 shares during the period. LBP AM SA boosted its holdings in shares of Coeur Mining by 34.9% during the second quarter. LBP AM SA now owns 88,584 shares of the basic materials company’s stock worth $785,000 after acquiring an additional 22,906 shares during the period. BFI Infinity Ltd. boosted its holdings in shares of Coeur Mining by 3.2% during the second quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock worth $386,000 after acquiring an additional 1,355 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Coeur Mining by 7.2% during the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 1,602 shares during the period. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, 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 transaction, the senior vice president directly owned 203,318 shares in the company, valued at $2,376,787.42. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth J. Watkinson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.62, for a total transaction of $92,960.00. Following the transaction, the chief accounting officer owned 143,007 shares of the company’s stock, valued at approximately $1,661,741.34. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 516,619 shares of company stock valued at $6,626,362. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Coeur Mining Stock Down 0.1%

NYSE CDE opened at $18.96 on Friday. 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, Inc. has a 1-year low of $4.58 and a 1-year high of $23.61. The company has a 50 day moving average of $16.60 and a 200-day moving average of $11.08. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 51.25 and a beta of 1.23.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share 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 company had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s quarterly revenue was up 116.5% on a year-over-year basis. On average, equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

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.