Coeur Mining, Inc. $CDE Stock: One Way Holdings LLC Raises Holdings

One Way Holdings LLC lifted its stake in Coeur Mining, Inc. (NYSE:CDE) by 256.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,028,744 shares of the basic materials company’s stock after acquiring an additional 740,032 shares during the quarter. One Way Holdings LLC’s holdings in Coeur Mining were worth $18,106,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CDE. Ancora Advisors LLC purchased a new position in Coeur Mining during the second quarter valued at approximately $26,000. Versant Capital Management Inc increased its stake in Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after buying an additional 820 shares during the period. Bullseye Investment Management LLC purchased a new stake in Coeur Mining in the 2nd quarter worth approximately $33,000. Root Financial Partners LLC purchased a new stake in Coeur Mining in the 3rd quarter worth approximately $45,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Coeur Mining during the 3rd quarter valued at $54,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Thomas S. Whelan sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Casey M. Nault sold 10,000 shares of the company’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 value of $200,000.00. Following the sale, the executive vice president directly owned 540,086 shares of the company’s stock, valued at $10,801,720. The trade was a 1.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 51,000 shares of company stock valued at $1,055,070. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CDE. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. Scotiabank reduced their price objective on 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, Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $26.06.

Coeur Mining Stock Up 0.2%

Coeur Mining stock opened at $13.12 on Monday. The company has a market capitalization of $13.49 billion, a P/E ratio of 11.21 and a beta of 1.46. The firm’s fifty day simple moving average is $18.14 and its 200-day simple moving average is $18.95. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 1-year low of $12.71 and a 1-year high of $27.77.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 125.8% compared to the same quarter last year. Sell-side analysts forecast that Coeur Mining, Inc. will post 0.81 earnings per share for the current fiscal year.

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.