Meridian Wealth Management LLC Invests $114,000 in Coeur Mining, Inc. $CDE

Meridian Wealth Management LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,817 shares of the basic materials company’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BFI Infinity Ltd. boosted its holdings in Coeur Mining by 3.2% in the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock valued at $386,000 after purchasing an additional 1,355 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Coeur Mining by 7.2% in the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock worth $210,000 after buying an additional 1,602 shares in the last quarter. Plancorp LLC boosted its stake in Coeur Mining by 0.5% during the first quarter. Plancorp LLC now owns 300,790 shares of the basic materials company’s stock valued at $1,781,000 after buying an additional 1,617 shares during the period. Ballentine Partners LLC grew its position in Coeur Mining by 13.8% during the second quarter. Ballentine Partners LLC now owns 15,035 shares of the basic materials company’s stock worth $133,000 after buying an additional 1,818 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Coeur Mining by 4.1% during the second quarter. SBI Securities Co. Ltd. now owns 47,868 shares of the basic materials company’s stock worth $424,000 after buying an additional 1,872 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 0.7%

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

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

Insider Transactions at Coeur Mining

In other news, SVP Casey M. Nault sold 102,257 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the sale, the senior vice president directly owned 568,623 shares of the company’s stock, valued at $6,823,476. The trade was a 15.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mitchell J. Krebs sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the sale, the chief executive officer owned 2,197,309 shares in the company, valued at $32,190,576.85. The trade was a 5.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 352,257 shares of company stock valued at $4,878,334. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Securities lifted their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Thursday, October 30th. Roth Capital set a $20.00 price target on Coeur Mining and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $16.32.

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.