Rockefeller Capital Management L.P. Invests $762,000 in Coeur Mining, Inc. $CDE

Rockefeller Capital Management L.P. purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 86,001 shares of the basic materials company’s stock, valued at approximately $762,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC purchased a new stake in Coeur Mining during the 1st quarter worth approximately $106,000. Victory Capital Management Inc. increased its stake in shares of Coeur Mining by 426.1% in the first quarter. Victory Capital Management Inc. now owns 255,740 shares of the basic materials company’s stock worth $1,514,000 after buying an additional 207,126 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Coeur Mining by 55.1% in the first quarter. KLP Kapitalforvaltning AS now owns 124,980 shares of the basic materials company’s stock worth $740,000 after buying an additional 44,380 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in Coeur Mining in the first quarter valued at $69,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Coeur Mining by 66.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 191,569 shares of the basic materials company’s stock valued at $1,134,000 after acquiring an additional 76,787 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $16.16 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’s 50-day moving average price is $17.53 and its two-hundred day moving average price is $12.78. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $23.61. The stock has a market capitalization of $10.38 billion, a P/E ratio of 24.48 and a beta of 1.21.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million for 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 firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insiders Place Their Bets

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the sale, the chief executive officer directly owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. This trade represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CDE shares. Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Zacks Research lowered Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Monday. Roth Capital set a $20.00 price objective on Coeur Mining and gave the company a “buy” rating in a research note on Friday, October 3rd. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. Finally, BMO Capital Markets boosted their price target on Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining has an average rating of “Moderate 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.