Coeur Mining, Inc. $CDE Stock: U S Global Investors Inc. Grows Stake

U S Global Investors Inc. boosted its position in Coeur Mining, Inc. (NYSE:CDE) by 70.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 747,595 shares of the basic materials company’s stock after buying an additional 308,292 shares during the period. Coeur Mining comprises about 1.3% of U S Global Investors Inc.’s portfolio, making the stock its 22nd biggest holding. U S Global Investors Inc.’s holdings in Coeur Mining were worth $13,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CDE. Root Financial Partners LLC bought a new stake in shares of Coeur Mining in the third quarter valued at about $45,000. Vest Financial LLC acquired a new position in shares of Coeur Mining in the third quarter valued at about $1,674,000. Crossmark Global Holdings Inc. bought a new position in Coeur Mining during the third quarter worth about $648,000. Quadrant Capital Group LLC bought a new position in Coeur Mining during the third quarter worth about $660,000. Finally, Nisa Investment Advisors LLC increased its position in Coeur Mining by 26.0% during the third quarter. Nisa Investment Advisors LLC now owns 68,328 shares of the basic materials company’s stock worth $1,203,000 after acquiring an additional 14,109 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Down 8.2%

Shares of NYSE CDE opened at $13.89 on Friday. The company has a 50 day simple moving average of $18.89 and a 200 day simple moving average of $17.97. The firm has a market cap of $14.28 billion, a PE ratio of 14.27 and a beta of 1.37. Coeur Mining, Inc. has a 1 year low of $13.55 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.20 EPS. Coeur Mining’s revenue for the quarter was up 125.8% on a year-over-year basis. On average, research analysts forecast that Coeur Mining, Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the transaction, the director directly owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Casey M. Nault sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. This trade represents a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 51,000 shares of company stock valued at $1,055,070 in the last three months. Insiders own 0.90% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.