Coeur Mining, Inc. $CDE Stock Acquired by One Way Holdings LLC

One Way Holdings LLC increased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 256.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,028,744 shares of the basic materials company’s stock after acquiring an additional 740,032 shares during the period. One Way Holdings LLC owned approximately 0.10% of Coeur Mining worth $18,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CDE. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Coeur Mining in the 3rd quarter valued at about $1,463,000. Virtue Capital Management LLC bought a new position in shares of Coeur Mining during the 3rd quarter valued at about $188,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Coeur Mining by 14.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,207,896 shares of the basic materials company’s stock worth $38,859,000 after purchasing an additional 276,221 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Coeur Mining in the 3rd quarter worth approximately $94,000. Finally, Vise Technologies Inc. grew its stake in shares of Coeur Mining by 52.0% in the 3rd quarter. Vise Technologies Inc. now owns 39,821 shares of the basic materials company’s stock worth $701,000 after purchasing an additional 13,618 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings cut Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Finally, Scotiabank dropped their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.06.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J. Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was 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 of the company’s stock, valued at approximately $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 have sold a total of 51,000 shares of company stock valued at $1,055,070 in the last three months. 0.90% of the stock is currently owned by company insiders.

Coeur Mining Stock Performance

Coeur Mining stock opened at $13.12 on Monday. The firm’s 50 day simple moving average is $18.14 and its 200-day simple moving average is $18.95. The company has a market cap of $13.49 billion, a P/E ratio of 11.21 and a beta of 1.46. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. Coeur Mining, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last released 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). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 125.8% compared to the same quarter last year. As a group, equities research analysts predict that Coeur Mining, Inc. will post 0.81 EPS for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.