Meridian Wealth Management LLC Acquires Shares of 12,817 Coeur Mining, Inc. $CDE

Meridian Wealth Management LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,817 shares of the basic materials company’s stock, valued at approximately $114,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock valued at $378,903,000 after acquiring an additional 23,303,638 shares in the last quarter. Sprott Inc. boosted its stake in Coeur Mining by 889.3% during the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after purchasing an additional 10,180,102 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Coeur Mining by 72.5% in the 1st 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 in the last quarter. Pale Fire Capital SE bought a new stake in shares of Coeur Mining in the 1st quarter worth $29,143,000. Finally, Nuveen LLC purchased a new position in shares of Coeur Mining in the first quarter worth $27,519,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

CDE has been the topic of several recent analyst reports. TD Securities increased their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a report on Thursday, October 30th. BMO Capital Markets lifted their price target 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. Weiss Ratings upgraded shares of Coeur Mining from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen cut shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $16.32.

Insiders Place Their Bets

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the sale, the chief executive officer owned 2,197,309 shares of the company’s stock, valued at approximately $32,190,576.85. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Casey M. Nault sold 102,257 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 568,623 shares of the company’s stock, valued at approximately $6,823,476. The trade was a 15.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 352,257 shares of company stock worth $4,878,334. 1.50% of the stock is owned by insiders.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $14.36 on Wednesday. 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 stock has a market capitalization of $9.22 billion, a PE ratio of 21.76 and a beta of 1.21. The firm’s 50 day moving average price is $17.66 and its 200-day moving average price is $12.47. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $23.61.

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