42,418 Coeur Mining, Inc. $CDE Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in Coeur Mining, Inc. (NYSE:CDE) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 771,172 shares of the basic materials company’s stock after selling 42,418 shares during the period. Vontobel Holding Ltd. owned about 0.08% of Coeur Mining worth $13,573,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. ZEGA Investments LLC lifted its stake in Coeur Mining by 4.8% during the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 481 shares during the last quarter. Grand Central Investment Group boosted its holdings in shares of Coeur Mining by 1.5% in the 1st quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock worth $760,000 after purchasing an additional 612 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Coeur Mining by 0.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company’s stock valued at $4,085,000 after purchasing an additional 701 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Coeur Mining by 7.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 820 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Coeur Mining by 105.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CDE shares. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. Scotiabank dropped their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Thomas Whelan sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,000 shares of company stock worth $1,055,070 over the last three months. Company insiders own 0.90% of the company’s stock.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $15.47 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. Coeur Mining, Inc. has a 52-week low of $13.55 and a 52-week high of $27.77. The company has a fifty day moving average of $19.18 and a 200-day moving average of $18.07. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 13.22 and a beta of 1.37.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 125.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Equities research analysts expect that Coeur Mining, Inc. will post 0.88 EPS for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals mining company that explores, develops, and operates mines primarily producing gold and silver. The company also conducts related activities, including mineral exploration, project development, processing, and the sale of recovered metals.

Coeur’s operating portfolio has included the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Rochester silver-gold mine in Nevada, and the Palmarejo and Las Chispas operations in Mexico.