Groupe la Francaise Lowers Stake in Coeur Mining, Inc. $CDE

Groupe la Francaise cut its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 9.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 500,000 shares of the basic materials company’s stock after selling 55,000 shares during the period. Groupe la Francaise’s holdings in Coeur Mining were worth $8,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its holdings in Coeur Mining by 92.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after purchasing an additional 13,418,041 shares during the period. California State Teachers Retirement System raised its stake in shares of Coeur Mining by 2,107.0% during the 2nd quarter. California State Teachers Retirement System now owns 26,468,951 shares of the basic materials company’s stock worth $431,973,000 after buying an additional 25,269,622 shares during the period. State Street Corp lifted its position in shares of Coeur Mining by 6.7% during the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after buying an additional 1,529,394 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after buying an additional 7,382,955 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Coeur Mining by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock valued at $277,953,000 after acquiring an additional 524,646 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 0.1%

NYSE CDE opened at $21.26 on Monday. The business has a fifty day moving average price of $17.61 and a 200 day moving average price of $18.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The company has a market cap of $21.85 billion, a P/E ratio of 18.17 and a beta of 1.39. Coeur Mining, Inc. has a one year low of $13.55 and a one year high of $27.77.

Coeur Mining (NYSE:CDE) last announced its 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). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm earned $0.20 EPS. The company’s revenue for the quarter was up 125.8% compared to the same quarter last year. Research analysts anticipate that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CDE shares. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. Finally, Scotiabank lowered their price objective 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 research 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Insider Transactions at Coeur Mining

In related news, EVP Casey M. Nault sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the executive vice president owned 540,086 shares of the company’s stock, valued at approximately $10,801,720. This represents a 1.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas S. Whelan sold 6,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 41,000 shares of company stock valued at $844,470. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Company Profile

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.