Dynamic Technology Lab Private Ltd Has $1.09 Million Stock Position in Coeur Mining, Inc. $CDE

Dynamic Technology Lab Private Ltd lessened its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 14.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,427 shares of the basic materials company’s stock after selling 20,453 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Coeur Mining were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

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

Coeur Mining Trading Up 0.8%

Shares of CDE opened at $13.97 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 21.17 and a beta of 1.21. The stock has a fifty day moving average price of $17.59 and a two-hundred day moving average price of $12.56. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $23.61.

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

Analyst Ratings Changes

CDE has been the topic of a number of recent research reports. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. Roth Capital set a $20.00 price target on Coeur Mining and gave the company a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coeur Mining in a research note on Wednesday. Finally, Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $16.32.

Insiders Place Their Bets

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,197,309 shares of the company’s stock, valued at approximately $32,190,576.85. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

About Coeur Mining

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.