Oakmont Investment Advisors Inc. Acquires Shares of 58,029 Coeur Mining, Inc. $CDE

Oakmont Investment Advisors Inc. bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the second quarter, Holdings Channel.com reports. The firm bought 58,029 shares of the basic materials company’s stock, valued at approximately $947,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 820 shares during the period. Ancora Advisors LLC bought a new position in Coeur Mining in the second quarter worth $26,000. Triumph Capital Management raised its holdings in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares during the period. Finally, Kingdom Financial Group LLC. purchased a new position in Coeur Mining during the fourth quarter valued at $32,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, EVP Casey Nault sold 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the executive vice president directly owned 540,086 shares of the company’s stock, valued at approximately $10,801,720. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Whelan sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 41,000 shares of company stock worth $844,470. 0.90% of the stock is owned by corporate insiders.

Coeur Mining Trading Down 1.8%

NYSE CDE opened at $21.26 on Friday. Coeur Mining, Inc. has a 12 month low of $13.55 and a 12 month high of $27.77. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $17.61 and its 200-day moving average price is $18.81. The stock has a market cap of $21.85 billion, a P/E ratio of 18.17 and a beta of 1.39.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.Coeur Mining’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. As a group, equities analysts forecast that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.