EP Wealth Advisors LLC Takes $117,000 Position in Coeur Mining, Inc. (NYSE:CDE)

EP Wealth Advisors LLC acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 20,528 shares of the basic materials company’s stock, valued at approximately $117,000.

Several other large investors have also modified their holdings of the stock. Merit Financial Group LLC boosted its stake in shares of Coeur Mining by 5.4% during the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Coeur Mining by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock valued at $1,803,000 after buying an additional 2,323 shares during the period. Summit Investment Advisors Inc. raised its position in Coeur Mining by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock valued at $236,000 after buying an additional 2,624 shares during the period. Xponance Inc. lifted its stake in Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 2,811 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 4,903 shares during the period. 63.01% of the stock is owned by institutional investors.

Insider Activity at Coeur Mining

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the transaction, the director now directly owns 188,362 shares in the company, valued at $1,375,042.60. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the transaction, the chief accounting officer now owns 122,104 shares in the company, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Coeur Mining Price Performance

CDE opened at $7.38 on Friday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 61.51 and a beta of 1.24. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.85. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $6.00 and a 200 day moving average price of $6.17.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company’s revenue was up 69.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CDE. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. TD Securities began coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective for the company. Finally, Raymond James restated an “outperform” rating and set a $8.50 price objective on shares of Coeur Mining in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Coeur Mining has an average rating of “Buy” and a consensus target price of $8.10.

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.