654,243 Shares in Coeur Mining, Inc. $CDE Acquired by Ninepoint Partners LP

Ninepoint Partners LP purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 654,243 shares of the basic materials company’s stock, valued at approximately $10,677,000. Coeur Mining comprises 0.8% of Ninepoint Partners LP’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of CDE. Triumph Capital Management lifted its holdings in shares of Coeur Mining by 300.0% during the fourth 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 during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 820 shares during the period. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining in the fourth quarter worth $32,000. JPL Wealth Management LLC acquired a new position in Coeur Mining in the 3rd quarter worth about $35,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Coeur Mining in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Up 1.1%

Shares of NYSE:CDE opened at $21.15 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The stock’s 50-day moving average is $16.71 and its 200-day moving average is $18.81. The company has a market cap of $21.74 billion, a P/E ratio of 18.08 and a beta of 1.32. Coeur Mining, Inc. has a 52-week low of $11.41 and a 52-week high of $27.77.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Scotiabank cut their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Roth Capital set a $19.00 target price on Coeur Mining in a report on Friday, August 7th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Coeur Mining News Summary

Here are the key news stories impacting Coeur Mining this week:

• Positive Sentiment: Coeur Mining shares participated in a sharp precious-metals mining rally after reports that a potential U.S. Treasury buyback plan was boosting demand for gold and silver-related assets. The move reflects favorable macroeconomic sentiment toward precious-metals producers rather than a company-specific operating announcement. Hecla Mining and Coeur Mining Spike 13% as Treasury Buyback Plan Ignites Precious Metals Rally
• Positive Sentiment: Zacks Research upgraded CDE from “strong sell” to “hold.” Although this is not a bullish rating, the change removes an aggressively negative recommendation and may modestly improve sentiment. Zacks Research
• Neutral Sentiment: A market update highlighted Coeur Mining as being in focus, likely reflecting the company’s exposure to the strengthening gold and silver markets and its recent share-price momentum. Why Is Coeur Mining in Focus Today?
• Negative Sentiment: Three insiders reported selling a combined 41,000 shares on August 19: CFO Thomas S. Whelan sold 6,000 shares, EVP Casey M. Nault sold 10,000, and Director J. Kenneth Thompson sold 25,000. The transactions totaled approximately $844,000 and could weigh on sentiment, though Nault’s sale was made under a pre-arranged Rule 10b5-1 plan and all three executives retained substantial holdings.

Insiders Place Their Bets

In other news, EVP Casey M. Nault sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the executive vice president directly owned 540,086 shares of the company’s stock, valued at approximately $10,801,720. This represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 80,000 shares of company stock valued at $1,569,870. Corporate insiders own 0.90% of the company’s stock.

About Coeur Mining

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.