Abel Hall LLC Boosts Holdings in Coeur Mining, Inc. $CDE

Abel Hall LLC boosted its position in Coeur Mining, Inc. (NYSE:CDE) by 43.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,491 shares of the basic materials company’s stock after purchasing an additional 4,980 shares during the quarter. Abel Hall LLC’s holdings in Coeur Mining were worth $146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MAI Capital Management bought a new position in shares of Coeur Mining during the 1st quarter valued at $25,000. Summer Road LLC purchased a new position in shares of Coeur Mining during the first quarter valued at approximately $28,000. State of Wyoming purchased a new position in shares of Coeur Mining during the first quarter valued at approximately $52,000. Banque Cantonale Vaudoise bought a new stake in shares of Coeur Mining during the 1st quarter valued at about $53,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Coeur Mining during the 1st quarter valued at about $60,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CDE shares. Zacks Research raised shares of Coeur Mining to a “hold” rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday. BMO Capital Markets boosted their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. Finally, National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $11.29.

Insider Buying and Selling at Coeur Mining

In other news, Director Pierre Beaudoin sold 48,362 shares of Coeur Mining stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.57, for a total transaction of $559,548.34. Following the transaction, the director owned 140,000 shares in the company, valued at $1,619,800. This trade represents a 25.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the transaction, the senior vice president owned 203,318 shares in the company, valued at $2,376,787.42. This represents a 3.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 516,619 shares of company stock worth $6,626,362. Insiders own 1.50% of the company’s stock.

Coeur Mining Stock Up 11.7%

CDE opened at $21.02 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $14.38 and a 200-day moving average price of $9.95. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $21.04. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 56.81 and a beta of 1.23.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $480.65 million during the quarter, compared to analysts’ expectations of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm’s quarterly revenue was up 116.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) earnings per share. Equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current 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.