Intech Investment Management LLC Buys 146,604 Shares of Coeur Mining, Inc. $CDE

Intech Investment Management LLC raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 54.5% during the second quarter, Holdings Channel reports. The fund owned 415,807 shares of the basic materials company’s stock after buying an additional 146,604 shares during the period. Intech Investment Management LLC’s holdings in Coeur Mining were worth $3,684,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on CDE. Roth Capital set a $20.00 target price on Coeur Mining and gave the stock a “buy” rating in a report on Friday, October 3rd. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. BMO Capital Markets upped their target price on Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Weiss Ratings upgraded shares of Coeur Mining from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $16.32.

Insider Activity

In other news, SVP Casey M. Nault sold 102,257 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president owned 568,623 shares of the company’s stock, valued at approximately $6,823,476. This trade 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 hyperlink. Also, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 2,197,309 shares of the company’s stock, valued at approximately $32,190,576.85. This represents a 5.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 352,257 shares of company stock valued at $4,878,334 over the last 90 days. Insiders own 1.50% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $14.36 on Wednesday. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $23.61. The stock has a fifty day moving average price of $17.66 and a 200 day moving average price of $12.47. The company has a market cap of $9.22 billion, a PE ratio of 21.76 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60.

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

Coeur Mining 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.