93,350 Shares in Coeur Mining, Inc. $CDE Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 93,350 shares of the basic materials company’s stock, valued at approximately $1,523,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDE. Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 820 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Coeur Mining during the second quarter worth approximately $26,000. Triumph Capital Management raised its stake in shares of Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the period. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of Coeur Mining during the fourth quarter worth $32,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CDE. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Scotiabank cut their price target on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Kenneth Thompson sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares in the company, valued at $5,344,806.41. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 41,000 shares of company stock valued at $844,470 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Trading Up 0.5%

Shares of CDE opened at $21.24 on Monday. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is $17.13 and its two-hundred day moving average is $18.83. Coeur Mining, Inc. has a twelve month low of $12.54 and a twelve month high of $27.77. The firm has a market capitalization of $21.83 billion, a P/E ratio of 18.15 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining’s revenue was up 125.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, research analysts predict that Coeur Mining, Inc. will post 0.86 earnings per share for the current fiscal year.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.