BFI Infinity Ltd. Purchases 48,117 Shares of Coeur Mining, Inc. $CDE

BFI Infinity Ltd. purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,117 shares of the basic materials company’s stock, valued at approximately $847,000.

A number of other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Coeur Mining in the 3rd quarter valued at about $54,000. Assenagon Asset Management S.A. increased its stake in Coeur Mining by 68.6% during the third quarter. Assenagon Asset Management S.A. now owns 655,645 shares of the basic materials company’s stock worth $11,539,000 after purchasing an additional 266,815 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Coeur Mining by 0.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company’s stock worth $4,085,000 after purchasing an additional 701 shares during the period. Krilogy Financial LLC purchased a new stake in Coeur Mining during the third quarter worth about $427,000. Finally, Steel Grove Capital Advisors LLC acquired a new stake in shares of Coeur Mining during the third quarter worth about $213,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Up 3.0%

Coeur Mining stock opened at $15.42 on Friday. Coeur Mining, Inc. has a 1-year low of $13.55 and a 1-year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The stock has a market cap of $15.85 billion, a PE ratio of 13.18 and a beta of 1.37. The stock’s fifty day moving average is $19.22 and its two-hundred day moving average is $18.09.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The firm’s quarterly revenue was up 125.8% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.88 EPS for the current fiscal year.

Insider Activity

In related news, EVP Casey M. Nault sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J. Kenneth Thompson sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the transaction, the director directly owned 257,333 shares of the company’s stock, valued at $5,344,806.41. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 51,000 shares of company stock worth $1,055,070. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Coeur Mining Profile

Coeur Mining, Inc is a precious metals mining company that explores, develops, and operates mines primarily producing gold and silver. The company also conducts related activities, including mineral exploration, project development, processing, and the sale of recovered metals.

Coeur’s operating portfolio has included the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Rochester silver-gold mine in Nevada, and the Palmarejo and Las Chispas operations in Mexico.