Coeur Mining, Inc. $CDE Holdings Decreased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its position in Coeur Mining, Inc. (NYSE:CDE) by 31.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,669 shares of the basic materials company’s stock after selling 34,981 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Coeur Mining were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in Coeur Mining by 92.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after acquiring an additional 13,418,041 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Coeur Mining during the second quarter valued at $104,760,000. Renaissance Technologies LLC lifted its holdings in shares of Coeur Mining by 889.6% during the first quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock worth $128,965,000 after purchasing an additional 6,176,524 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Coeur Mining by 34.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock worth $241,484,000 after purchasing an additional 3,291,431 shares during the period. Finally, Amundi lifted its holdings in shares of Coeur Mining by 107.0% during the first quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock worth $115,712,000 after purchasing an additional 3,186,761 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

NYSE:CDE opened at $15.13 on Thursday. The company has a market capitalization of $15.56 billion, a PE ratio of 12.94 and a beta of 1.37. The company has a 50 day simple moving average of $18.98 and a two-hundred day simple moving average of $18.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. Coeur Mining, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The firm’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. Research analysts anticipate that Coeur Mining, Inc. will post 0.88 earnings per share for the current year.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Casey M. Nault sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $21.06, for a total transaction of $210,600.00. Following the completion of the transaction, the executive vice president owned 530,086 shares in the company, valued at approximately $11,163,611.16. The trade was a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 51,000 shares of company stock worth $1,055,070 over the last three months. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CDE. Scotiabank decreased their price objective on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Roth Capital set a $19.00 target price on Coeur Mining in a research report on Friday, August 7th. Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and a consensus price target of $25.50.

About Coeur Mining

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.