15,045 Shares in Coeur Mining, Inc. $CDE Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,045 shares of the basic materials company’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CDE. Range Financial Group LLC bought a new stake in Coeur Mining during the 2nd quarter valued at $1,115,000. Y Intercept Hong Kong Ltd increased its position in shares of Coeur Mining by 166.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 350,317 shares of the basic materials company’s stock worth $3,104,000 after acquiring an additional 218,638 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Coeur Mining by 17,945.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 32,843 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 32,661 shares during the last quarter. Harvest Portfolios Group Inc. raised its holdings in shares of Coeur Mining by 25.3% in the 2nd quarter. Harvest Portfolios Group Inc. now owns 110,418 shares of the basic materials company’s stock worth $978,000 after acquiring an additional 22,317 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in Coeur Mining in the 1st quarter valued at about $685,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

CDE stock opened at $14.36 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The firm has a market cap of $9.22 billion, a PE ratio of 21.76 and a beta of 1.21. The business has a 50 day moving average of $17.66 and a 200-day moving average of $12.47. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $23.61.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 17.01% and a net margin of 24.03%.The firm’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on CDE shares. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Thursday, October 30th. Wall Street Zen cut Coeur Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Raymond James Financial set a $21.00 price target on Coeur Mining in a research report on Thursday, October 30th. Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, TD Securities upped their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $16.32.

Insider Transactions at Coeur Mining

In related news, SVP Casey M. Nault sold 102,257 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the completion of the transaction, the senior vice president owned 568,623 shares in the company, valued at approximately $6,823,476. This represents a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mitchell J. Krebs sold 125,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the sale, the chief executive officer owned 2,197,309 shares of the company’s stock, valued at $32,190,576.85. This trade represents a 5.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 352,257 shares of company stock worth $4,878,334 over the last three months. 1.50% of the stock is owned by insiders.

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.