Coeur Mining, Inc. $CDE Stock: U S Global Investors Inc. Increases Holdings

U S Global Investors Inc. raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 70.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 747,595 shares of the basic materials company’s stock after buying an additional 308,292 shares during the quarter. Coeur Mining comprises approximately 1.3% of U S Global Investors Inc.’s investment portfolio, making the stock its 22nd biggest holding. U S Global Investors Inc. owned 0.07% of Coeur Mining worth $13,158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares during the period. Bank of New York Mellon Corp bought a new position in Coeur Mining during the 2nd quarter worth about $104,760,000. Renaissance Technologies LLC increased its holdings in Coeur Mining by 889.6% during the 1st quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock worth $128,965,000 after purchasing an additional 6,176,524 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Coeur Mining by 34.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock worth $241,484,000 after purchasing an additional 3,291,431 shares in the last quarter. Finally, Amundi raised its stake in shares of Coeur Mining by 107.0% in the 1st quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock valued at $115,712,000 after purchasing an additional 3,186,761 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas Whelan sold 6,000 shares of the firm’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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J. Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the sale, the director owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. This represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 51,000 shares of company stock worth $1,055,070 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

CDE has been the subject of several recent research reports. Roth Capital set a $19.00 price objective on Coeur Mining in a research report on Friday, August 7th. Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Scotiabank cut their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Coeur Mining Trading Down 8.2%

NYSE CDE opened at $13.89 on Friday. The company has a market cap of $14.28 billion, a PE ratio of 14.27 and a beta of 1.37. 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 12 month low of $13.55 and a 12 month high of $27.77. The stock has a 50 day moving average of $18.89 and a 200-day moving average of $17.97.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business posted $0.20 earnings per share. Coeur Mining’s quarterly revenue was up 125.8% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 0.88 EPS for the current fiscal year.

Coeur Mining Profile

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.