Coeur Mining, Inc. $CDE Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lowered its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 21.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,366 shares of the basic materials company’s stock after selling 3,099 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Coeur Mining were worth $101,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 worth $378,903,000 after acquiring an additional 23,303,638 shares during the last quarter. Sprott Inc. raised its stake in 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 purchasing an additional 10,180,102 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 acquired a new position in shares of Coeur Mining in the 1st quarter valued at $29,143,000. Finally, Nuveen LLC purchased a new stake in shares of Coeur Mining during the 1st quarter valued at $27,519,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CDE. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets upped their price target on Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Raymond James Financial set a $21.00 price objective on Coeur Mining in a report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Coeur Mining in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and a consensus target price of $13.75.

Coeur Mining Stock Down 2.9%

Shares of Coeur Mining stock opened at $17.19 on Friday. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $23.61. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 26.04 and a beta of 1.23. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $17.35 and a 200 day moving average price of $11.68.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 17.01%. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period last year, the business earned $0.12 earnings per share. Equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 8,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the sale, the chief accounting officer owned 143,007 shares of the company’s stock, valued at $1,661,741.34. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,227,084.00. Following the sale, the senior vice president owned 568,623 shares in the company, valued at $6,823,476. This represents a 15.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 516,619 shares of company stock worth $6,626,362. Insiders own 1.50% of the company’s stock.

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.