Ballentine Partners LLC Purchases Shares of 12,203 Coeur Mining, Inc. (NYSE:CDE)

Ballentine Partners LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 12,203 shares of the basic materials company’s stock, valued at approximately $46,000.

A number of other hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp grew its stake in shares of Coeur Mining by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after acquiring an additional 3,556,959 shares during the last quarter. Vanguard Group Inc. lifted its position in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Coeur Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after acquiring an additional 84,920 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after purchasing an additional 1,702,840 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Coeur Mining by 9.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,561,874 shares of the basic materials company’s stock worth $14,871,000 after purchasing an additional 408,122 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 140,719 shares of the company’s stock, valued at approximately $683,894.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total value of $213,840.00. Following the sale, the chief accounting officer now directly owns 140,719 shares in the company, valued at approximately $683,894.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sebastian Edwards sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were 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 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

NYSE CDE opened at $5.59 on Friday. The stock’s 50 day simple moving average is $5.34 and its 200-day simple moving average is $3.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.99 and a quick ratio of 0.43. The company has a market cap of $2.23 billion, a PE ratio of -18.03 and a beta of 1.76. Coeur Mining, Inc. has a 1-year low of $2.00 and a 1-year high of $6.05.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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. The company had revenue of $213.10 million during the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CDE shares. Raymond James upped their price objective on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Roth Mkm began coverage on Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price on the stock. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining 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 boosted their target price for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.38.

Coeur Mining 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.