Coeur Mining, Inc. $CDE Shares Sold by KBC Group NV

KBC Group NV cut its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,212 shares of the basic materials company’s stock after selling 9,213 shares during the period. KBC Group NV’s holdings in Coeur Mining were worth $170,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Coeur Mining by 57.3% during the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock valued at $378,903,000 after buying an additional 23,303,638 shares during the period. Dimensional Fund Advisors LP increased its stake in Coeur Mining by 26.8% during the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock worth $128,774,000 after acquiring an additional 4,594,097 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Coeur Mining by 72.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock valued at $106,801,000 after purchasing an additional 7,579,901 shares during the period. Sprott Inc. raised its position in Coeur Mining by 889.3% in the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after purchasing an additional 10,180,102 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Coeur Mining by 60.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company’s stock valued at $50,564,000 after purchasing an additional 3,233,383 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CDE. BMO Capital Markets raised their price objective on Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. TD Securities boosted their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Roth Capital set a $20.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen downgraded shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining has an average rating of “Buy” and an average price target of $16.32.

Insider Activity

In related news, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred 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 in the company, valued at $32,190,576.85. The trade was a 5.38% 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, SVP Casey M. Nault sold 102,257 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the transaction, the senior vice president owned 568,623 shares of the company’s stock, valued at $6,823,476. This trade represents a 15.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 352,257 shares of company stock valued at $4,878,334 in the last quarter. Company insiders own 1.50% of the company’s stock.

Coeur Mining Price Performance

Shares of CDE opened at $14.70 on Thursday. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $23.61. The firm’s 50 day moving average price is $17.65 and its 200 day moving average price is $12.49. The company has a market cap of $9.44 billion, a P/E ratio of 22.27 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE) last issued its quarterly 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 business had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 17.01%. The business’s quarterly revenue was up 76.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. On average, research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

About Coeur Mining

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.