Van ECK Associates Corp Boosts Holdings in Coeur Mining Inc (CDE)

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Van ECK Associates Corp grew its holdings in Coeur Mining Inc (NYSE:CDE) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,000,231 shares of the basic materials company’s stock after acquiring an additional 1,300,391 shares during the period. Van ECK Associates Corp owned about 11.23% of Coeur Mining worth $159,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of CDE. Wells Fargo & Company MN grew its stake in shares of Coeur Mining by 4.1% in the first quarter. Wells Fargo & Company MN now owns 377,976 shares of the basic materials company’s stock worth $3,024,000 after acquiring an additional 14,939 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Coeur Mining by 24.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 329,907 shares of the basic materials company’s stock worth $2,639,000 after acquiring an additional 65,395 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Coeur Mining by 25.6% in the first quarter. SG Americas Securities LLC now owns 54,453 shares of the basic materials company’s stock worth $436,000 after acquiring an additional 11,082 shares in the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of Coeur Mining in the first quarter worth $101,000. Finally, Mackay Shields LLC acquired a new position in shares of Coeur Mining in the first quarter worth $761,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

In related news, CFO Peter C. Mitchell sold 20,000 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $7.03, for a total value of $140,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mitchell J. Krebs purchased 10,000 shares of Coeur Mining stock in a transaction that occurred on Friday, August 3rd. The stock was bought at an average cost of $6.61 per share, with a total value of $66,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,000 shares of company stock valued at $80,400. Insiders own 1.32% of the company’s stock.

A number of equities analysts recently commented on the stock. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research note on Tuesday, July 10th. Raymond James reiterated an “outperform” rating and set a $10.00 target price on shares of Coeur Mining in a research note on Tuesday, July 10th. BMO Capital Markets boosted their target price on shares of Coeur Mining from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, July 10th. Canaccord Genuity reiterated a “buy” rating and set a $10.75 target price on shares of Coeur Mining in a research note on Friday, July 13th. Finally, Roth Capital upgraded shares of Coeur Mining from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.71.

Shares of CDE stock opened at $5.46 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.23 and a quick ratio of 1.25. The firm has a market cap of $1.06 billion, a P/E ratio of 273.00 and a beta of 0.56. Coeur Mining Inc has a 12 month low of $5.18 and a 12 month high of $9.87.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 25th. The basic materials company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $170.00 million during the quarter, compared to the consensus estimate of $174.67 million. Coeur Mining had a negative net margin of 0.67% and a negative return on equity of 0.32%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. sell-side analysts anticipate that Coeur Mining Inc will post -0.01 earnings per share for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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