Coeur Mining, Inc. $CDE Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in Coeur Mining, Inc. (NYSE:CDE) by 105.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,886 shares of the basic materials company’s stock after acquiring an additional 7,139 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Coeur Mining were worth $123,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MAI Capital Management acquired a new stake in shares of Coeur Mining during the first quarter worth approximately $25,000. Summer Road LLC acquired a new stake in shares of Coeur Mining during the first quarter worth approximately $28,000. State of Wyoming acquired a new stake in shares of Coeur Mining during the first quarter worth approximately $52,000. Banque Cantonale Vaudoise acquired a new stake in shares of Coeur Mining during the first quarter worth approximately $53,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Coeur Mining during the second quarter worth approximately $89,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CDE. Weiss Ratings reissued a “hold (c)” rating on shares of Coeur Mining in a research report on Thursday, October 30th. 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 report on Thursday, August 7th. Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Roth Capital set a $20.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Buy” and a consensus target price of $13.75.

Coeur Mining Stock Performance

CDE stock opened at $13.80 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 20.90 and a beta of 1.23. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $23.61. The stock’s fifty day moving average is $17.44 and its two-hundred day moving average is $11.83.

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

Insider Buying and Selling

In other Coeur Mining news, SVP Casey M. Nault sold 102,257 shares of the firm’s stock in a transaction 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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pierre Beaudoin sold 48,362 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director owned 140,000 shares in the company, valued at $1,619,800. The trade was a 25.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 516,619 shares of company stock valued at $6,626,362 in the last three months. 1.50% of the stock is owned by corporate 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.