&Partners Makes New $54,000 Investment in Coeur Mining, Inc. (NYSE:CDE)

&Partners bought a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, HoldingsChannel reports. The fund bought 14,272 shares of the basic materials company’s stock, valued at approximately $54,000.

Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank grew its holdings in shares of Coeur Mining by 4.6% during the third quarter. Swiss National Bank now owns 731,900 shares of the basic materials company’s stock valued at $1,625,000 after buying an additional 32,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Coeur Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock valued at $9,221,000 after purchasing an additional 274,878 shares during the period. Hsbc Holdings PLC boosted its holdings in Coeur Mining by 167.7% in the third quarter. Hsbc Holdings PLC now owns 142,772 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 89,435 shares during the last quarter. Algert Global LLC grew its position in Coeur Mining by 80.7% during the 3rd quarter. Algert Global LLC now owns 897,665 shares of the basic materials company’s stock worth $1,993,000 after purchasing an additional 400,891 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Coeur Mining during the 3rd quarter valued at about $167,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity

In other news, Director Sebastian Edwards sold 20,000 shares of Coeur Mining stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total value of $101,600.00. Following the sale, the director now directly owns 103,100 shares of the company’s stock, valued at $523,748. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares of the company’s stock, valued at approximately $683,894.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the completion of the transaction, the director now directly owns 103,100 shares in the company, valued at $523,748. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Coeur Mining Stock Performance

CDE opened at $5.68 on Tuesday. The firm’s fifty day simple moving average is $5.27 and its two-hundred day simple moving average is $3.91. Coeur Mining, Inc. has a 52-week low of $2.00 and a 52-week high of $6.05. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -18.31 and a beta of 1.76. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The firm had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts anticipate that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Mkm began coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Raymond James increased their price target on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. Finally, BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and raised their price target for the company from $4.25 to $5.50 in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $4.36.

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.