Catalyst Funds Management Pty Ltd Acquires New Position in Coeur Mining, Inc. $CDE

Catalyst Funds Management Pty Ltd bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the second quarter, Holdings Channel reports. The firm bought 109,200 shares of the basic materials company’s stock, valued at approximately $968,000.

Other large investors also recently bought and sold shares of the company. BFI Infinity Ltd. increased its stake in Coeur Mining by 3.2% during the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock valued at $386,000 after purchasing an additional 1,355 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Coeur Mining by 7.2% during the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock valued at $210,000 after buying an additional 1,602 shares during the last quarter. Plancorp LLC grew its holdings in shares of Coeur Mining by 0.5% during the first quarter. Plancorp LLC now owns 300,790 shares of the basic materials company’s stock valued at $1,781,000 after buying an additional 1,617 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Coeur Mining by 13.8% in the 2nd quarter. Ballentine Partners LLC now owns 15,035 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 1,818 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in Coeur Mining by 4.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 47,868 shares of the basic materials company’s stock worth $424,000 after acquiring an additional 1,872 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction on Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Coeur Mining Stock Down 5.7%

Shares of CDE stock opened at $13.86 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 $8.90 billion, a P/E ratio of 21.00 and a beta of 1.21. The stock has a 50 day moving average of $17.62 and a 200 day moving average of $12.50. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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). The firm had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 17.01% and a net margin of 24.03%.Coeur Mining’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

CDE has been the subject of a number of research reports. TD Securities lifted their price target on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. BMO Capital Markets lifted their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Roth Capital set a $20.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Coeur Mining in a research report on Wednesday. Finally, Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Coeur Mining presently has an average rating of “Buy” and an average target price of $16.32.

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.