Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Invests $5.69 Million in Coeur Mining, Inc. (NYSE:CDE)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 961,320 shares of the basic materials company’s stock, valued at approximately $5,691,000. Coeur Mining accounts for 3.1% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings, making the stock its 9th biggest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group owned approximately 0.15% of Coeur Mining as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CDE. Two Sigma Advisers LP lifted its holdings in shares of Coeur Mining by 404.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock worth $29,110,000 after buying an additional 4,080,600 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Coeur Mining during the fourth quarter valued at approximately $21,224,000. Vanguard Group Inc. grew its holdings in shares of Coeur Mining by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock worth $232,805,000 after purchasing an additional 3,178,785 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Coeur Mining by 12,934.3% in the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company’s stock worth $16,998,000 after purchasing an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Coeur Mining by 57.8% in the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock worth $41,245,000 after purchasing an additional 2,641,310 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CDE shares. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Thursday, June 12th. Roth Capital restated a “buy” rating and issued a $12.00 target price (up previously from $10.00) on shares of Coeur Mining in a report on Tuesday, July 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Finally, National Bankshares set a $12.00 price target on Coeur Mining in a research note on Friday, June 13th. One analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $9.21.

Coeur Mining Stock Performance

Shares of Coeur Mining stock traded down $0.06 during trading hours on Friday, reaching $9.13. 613,096 shares of the stock traded hands, compared to its average volume of 13,335,655. The company has a 50 day moving average price of $8.68 and a 200 day moving average price of $6.93. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 35.15 and a beta of 1.32. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $9.97. The company has a quick ratio of 0.62, a current ratio of 1.93 and a debt-to-equity ratio of 0.17.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. The company’s quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. On average, equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Eduardo Luna sold 17,160 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the transaction, the director owned 101,841 shares of the company’s stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the transaction, the chief accounting officer directly owned 122,104 shares in the company, valued at approximately $903,569.60. This represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,061 shares of company stock valued at $667,775. Corporate insiders own 1.50% of the company’s stock.

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.