Cladis Investment Advisory LLC Takes Position in Coeur Mining, Inc. $CDE

Cladis Investment Advisory LLC acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,022 shares of the basic materials company’s stock, valued at approximately $95,000.

Other large investors also recently modified their holdings of the company. Summer Road LLC purchased a new position in shares of Coeur Mining during the 1st quarter valued at $28,000. City State Bank increased its holdings in shares of Coeur Mining by 56.9% in the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock worth $37,000 after buying an additional 2,274 shares during the last quarter. Quarry LP increased its holdings in shares of Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after buying an additional 5,968 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after buying an additional 4,903 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Coeur Mining in the 1st quarter worth about $53,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Transactions at Coeur Mining

In other news, Director Pierre Beaudoin sold 48,362 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director owned 140,000 shares of the company’s stock, valued at approximately $1,619,800. This represents a 25.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eduardo Luna sold 17,160 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the completion of the sale, the director directly owned 101,841 shares of the company’s stock, valued at $797,415.03. The trade was a 14.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,522 shares of company stock worth $1,882,391. Insiders own 1.50% of the company’s stock.

Coeur Mining Price Performance

Shares of CDE stock opened at $11.67 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The company has a market capitalization of $7.50 billion, a P/E ratio of 31.54 and a beta of 1.16. The company’s 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $7.50. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $11.97.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $438.40 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The company’s revenue was up 116.5% compared to the same quarter last year. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CDE shares. Zacks Research upgraded shares of Coeur Mining to a “hold” rating in a report on Tuesday, August 12th. National Bankshares set a $12.00 price target on shares of Coeur Mining in a report on Friday, June 13th. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Thursday, June 12th. BMO Capital Markets upped 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, Roth Capital reiterated a “buy” rating and set a $13.00 price target on shares of Coeur Mining in a report on Thursday, August 7th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $9.79.

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.