Sand Hill Global Advisors LLC Makes New Investment in Coeur Mining, Inc. $CDE

Sand Hill Global Advisors LLC acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, Holdings Channel.com reports. The fund acquired 19,000 shares of the basic materials company’s stock, valued at approximately $112,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CDE. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Coeur Mining by 150.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 215,707 shares of the basic materials company’s stock valued at $1,277,000 after acquiring an additional 129,574 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Coeur Mining in the first quarter valued at about $540,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Coeur Mining by 3,091.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,021,974 shares of the basic materials company’s stock valued at $6,050,000 after acquiring an additional 989,952 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Coeur Mining by 71.0% in the first quarter. Amalgamated Bank now owns 21,544 shares of the basic materials company’s stock valued at $128,000 after acquiring an additional 8,943 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Coeur Mining by 2,203.1% in the fourth quarter. Russell Investments Group Ltd. now owns 232,916 shares of the basic materials company’s stock valued at $1,332,000 after purchasing an additional 222,803 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

CDE stock opened at $11.81 on Tuesday. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $11.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The stock’s 50 day moving average price is $9.55 and its 200 day moving average price is $7.54. The firm has a market cap of $7.59 billion, a P/E ratio of 31.92 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%. The firm had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. During the same quarter in the prior year, the company earned ($0.01) EPS. Coeur Mining’s revenue was up 116.5% on a year-over-year basis. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

CDE has been the subject of several recent analyst reports. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Thursday, June 12th. Roth Capital reiterated a “buy” rating and issued a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 7th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. BMO Capital Markets raised their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Zacks Research upgraded shares of Coeur Mining to a “hold” rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $9.79.

Insider Transactions at Coeur Mining

In related news, SVP Aoife Mcgrath sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total value of $93,520.00. Following the sale, the senior vice president owned 203,318 shares of the company’s stock, valued at approximately $2,376,787.42. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kenneth J. Watkinson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.62, for a total transaction of $92,960.00. Following the completion of the transaction, the chief accounting officer directly owned 143,007 shares of the company’s stock, valued at approximately $1,661,741.34. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 181,522 shares of company stock worth $1,882,391 in the last quarter. Insiders own 1.56% of the company’s stock.

Coeur Mining Company Profile

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.