Vontobel Holding Ltd. Has $7.32 Million Stake in Coeur Mining, Inc. $CDE

Vontobel Holding Ltd. decreased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 17.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 825,923 shares of the basic materials company’s stock after selling 173,870 shares during the period. Vontobel Holding Ltd.’s holdings in Coeur Mining were worth $7,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after buying an additional 23,303,638 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Coeur Mining by 26.8% during the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock worth $128,774,000 after buying an additional 4,594,097 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Coeur Mining by 72.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock worth $106,801,000 after buying an additional 7,579,901 shares in the last quarter. Sprott Inc. increased its holdings in shares of Coeur Mining by 889.3% during the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock worth $66,963,000 after buying an additional 10,180,102 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Coeur Mining by 60.9% during the first quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company’s stock worth $50,564,000 after buying an additional 3,233,383 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Pierre Beaudoin sold 48,362 shares of Coeur Mining stock in a transaction 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 transaction, the director directly owned 140,000 shares of the company’s stock, valued at $1,619,800. This trade represents a 25.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the transaction, the senior vice president directly owned 203,318 shares in the company, valued at approximately $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 516,619 shares of company stock worth $6,626,362. Corporate insiders own 1.50% of the company’s stock.

Coeur Mining Price Performance

CDE opened at $19.58 on Friday. The company has a fifty day moving average price of $14.83 and a two-hundred day moving average price of $10.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $21.80. The firm has a market capitalization of $12.58 billion, a PE ratio of 52.92 and a beta of 1.23.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm had revenue of $480.65 million during the quarter, compared to analyst estimates of $438.40 million. During the same quarter in the previous year, the business earned ($0.01) EPS. The business’s quarterly revenue was up 116.5% compared to the same quarter last year. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.