200,315 Shares in Coeur Mining, Inc. $CDE Purchased by Electrum Group LLC

Electrum Group LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 200,315 shares of the basic materials company’s stock, valued at approximately $3,269,141. Coeur Mining comprises approximately 0.0% of Electrum Group LLC’s portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in CDE. Versant Capital Management Inc raised its position in Coeur Mining by 105.0% in the second 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. Triumph Capital Management boosted its position in shares of Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining during the fourth quarter valued at approximately $32,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Coeur Mining in the fourth quarter valued at approximately $33,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

Shares of NYSE CDE traded down $1.14 during midday trading on Friday, hitting $21.07. 15,959,496 shares of the company’s stock traded hands, compared to its average volume of 30,308,949. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. Coeur Mining, Inc. has a 1 year low of $12.54 and a 1 year high of $27.77. The firm has a fifty day moving average of $17.05 and a 200 day moving average of $18.84. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 18.01 and a beta of 1.32.

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

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas S. Whelan sold 6,000 shares of the business’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 value of $125,220.00. The disclosure for this sale is available in the SEC filing. Insiders sold 80,000 shares of company stock valued at $1,569,870 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CDE shares. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Scotiabank dropped their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Coeur Mining 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.