Coeur Mining, Inc. $CDE Shares Sold by Groupe la Francaise

Groupe la Francaise reduced its stake in Coeur Mining, Inc. (NYSE:CDE) by 9.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 500,000 shares of the basic materials company’s stock after selling 55,000 shares during the period. Groupe la Francaise’s holdings in Coeur Mining were worth $8,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CDE. Bank of America Corp DE lifted its holdings in Coeur Mining by 83.2% in the first quarter. Bank of America Corp DE now owns 5,429,896 shares of the basic materials company’s stock valued at $101,919,000 after acquiring an additional 2,466,122 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Coeur Mining by 92.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock worth $222,922,000 after acquiring an additional 6,012,718 shares during the last quarter. Quantinno Capital Management LP increased its stake in Coeur Mining by 529.7% during the first quarter. Quantinno Capital Management LP now owns 224,300 shares of the basic materials company’s stock worth $4,210,000 after acquiring an additional 188,682 shares during the last quarter. Norges Bank purchased a new stake in Coeur Mining in the fourth quarter valued at $128,389,000. Finally, Allspring Global Investments Holdings LLC raised its position in Coeur Mining by 81.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,681,172 shares of the basic materials company’s stock valued at $69,896,000 after purchasing an additional 1,653,323 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

Shares of CDE stock opened at $21.26 on Monday. The firm has a 50 day moving average of $17.61 and a two-hundred day moving average of $18.79. The stock has a market capitalization of $21.85 billion, a PE ratio of 18.17 and a beta of 1.39. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 52 week low of $13.55 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data 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 company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm’s revenue was up 125.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, research analysts predict that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CDE shares. Scotiabank lowered their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Roth Capital set a $19.00 price target on shares of Coeur Mining 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 report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.50.

Insider Buying and Selling at Coeur Mining

In related news, Director J. Kenneth Thompson sold 25,000 shares of Coeur Mining 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 owned 257,333 shares in the company, valued at $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president owned 540,086 shares of the company’s stock, valued at $10,801,720. This trade represents a 1.82% 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 have sold 41,000 shares of company stock valued at $844,470 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.