Coeur Mining, Inc. $CDE Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 23.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,726 shares of the basic materials company’s stock after selling 108,709 shares during the quarter. Handelsbanken Fonder AB’s holdings in Coeur Mining were worth $5,675,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. AQR Capital Management LLC increased its holdings in shares of Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after purchasing an additional 281,489 shares during the period. Goldman Sachs Group Inc. grew its holdings in Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after acquiring an additional 1,339,138 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $60,000. Finally, Intech Investment Management LLC raised its holdings in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by insiders.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $18.84 on Friday. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 12-month low of $11.23 and a 12-month high of $27.77. The stock has a 50 day simple moving average of $16.40 and a 200-day simple moving average of $18.98. The company has a market cap of $19.37 billion, a PE ratio of 16.10 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining’s revenue was up 125.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

CDE has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Scotiabank cut their target price 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. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, April 29th. 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 research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

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.