Coeur Mining, Inc. $CDE Shares Purchased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. raised its position in Coeur Mining, Inc. (NYSE:CDE) by 55.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,233 shares of the basic materials company’s stock after purchasing an additional 22,900 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Coeur Mining were worth $380,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MAI Capital Management acquired a new position in shares of Coeur Mining during the first quarter worth about $25,000. Summer Road LLC purchased a new stake in shares of Coeur Mining during the 1st quarter valued at about $28,000. State of Wyoming purchased a new stake in shares of Coeur Mining during the 1st quarter valued at about $52,000. Banque Cantonale Vaudoise acquired a new position in Coeur Mining during the 1st quarter worth approximately $53,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Coeur Mining in the 1st quarter worth approximately $60,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $14.81 on Friday. The stock has a market cap of $9.51 billion, a PE ratio of 22.43 and a beta of 1.21. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $23.61. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $17.66 and a 200-day simple moving average of $12.25.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 17.01% and a net margin of 24.03%.The company’s revenue was up 76.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CDE has been the topic of several analyst reports. Weiss Ratings upgraded Coeur Mining from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. BMO Capital Markets upped their target price on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, TD Securities lifted their price target on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $16.32.

Insider Activity at Coeur Mining

In other Coeur Mining news, SVP Casey M. Nault sold 102,257 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $12.00, for a total value of $1,227,084.00. Following the completion of the sale, the senior vice president owned 568,623 shares in the company, valued at $6,823,476. This represents a 15.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mitchell J. Krebs sold 125,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,197,309 shares in the company, valued at $32,190,576.85. This trade represents a 5.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 352,257 shares of company stock worth $4,878,334. Company insiders own 1.50% of the company’s stock.

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.