Y Intercept Hong Kong Ltd Grows Holdings in Coeur Mining, Inc. $CDE

Y Intercept Hong Kong Ltd raised its position in Coeur Mining, Inc. (NYSE:CDE) by 166.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,317 shares of the basic materials company’s stock after purchasing an additional 218,638 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Coeur Mining were worth $3,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Coeur Mining by 57.3% in the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock valued at $378,903,000 after purchasing an additional 23,303,638 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Coeur Mining by 26.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock valued at $128,774,000 after acquiring an additional 4,594,097 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Coeur Mining by 72.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock valued at $106,801,000 after acquiring an additional 7,579,901 shares during the last quarter. Sprott Inc. increased its stake in shares of Coeur Mining by 889.3% during the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after acquiring an additional 10,180,102 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of Coeur Mining by 60.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company’s stock valued at $50,564,000 after acquiring an additional 3,233,383 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of research analyst reports. Roth Capital set a $20.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research note on Friday, October 3rd. BMO Capital Markets upped their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, October 8th. Finally, Raymond James Financial set a $22.00 price objective on shares of Coeur Mining and gave the company an “outperform” rating in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and an average price target of $13.54.

Insider Transactions at Coeur Mining

In related news, CEO Mitchell J. Krebs sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the transaction, the chief executive officer owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. This trade represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pierre Beaudoin sold 48,362 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.57, for a total transaction of $559,548.34. Following the completion of the transaction, the director owned 140,000 shares in the company, valued at $1,619,800. The trade was a 25.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 516,619 shares of company stock valued at $6,626,362 in the last three months. 1.50% of the stock is owned by company insiders.

Coeur Mining Trading Down 0.6%

NYSE CDE opened at $18.17 on Thursday. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $23.61. The company’s 50 day moving average price is $17.13 and its 200 day moving average price is $11.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 49.12 and a beta of 1.23.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. During the same period last year, the business earned $0.12 EPS. Coeur Mining’s revenue was up 76.9% on a year-over-year basis. On average, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.