Navellier & Associates Inc. Sells 223,975 Shares of Coeur Mining, Inc. $CDE

Navellier & Associates Inc. trimmed its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 78.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,909 shares of the basic materials company’s stock after selling 223,975 shares during the quarter. Navellier & Associates Inc.’s holdings in Coeur Mining were worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CDE. Arrowstreet Capital Limited Partnership grew its holdings in shares of Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares in the last quarter. State Street Corp lifted its position in Coeur Mining by 6.7% during the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after purchasing an additional 1,529,394 shares during the last quarter. Tidal Investments LLC grew its stake in Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares in the last quarter. Geode Capital Management LLC grew its position in Coeur Mining by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after acquiring an additional 524,646 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Coeur Mining by 34.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock worth $241,484,000 after purchasing an additional 3,291,431 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Thursday, May 7th. Roth Capital set a $19.00 price target on shares of Coeur Mining in a research report on Friday, August 7th. Scotiabank decreased their price target on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $21.24 on Friday. 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, Inc. has a one year low of $12.54 and a one year high of $27.77. The business’s 50 day simple moving average is $17.13 and its two-hundred day simple moving average is $18.86. The stock has a market capitalization of $21.83 billion, a P/E ratio of 18.15 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 125.8% compared to the same quarter last year. Analysts forecast that Coeur Mining, Inc. will post 0.86 EPS for the current year.

Insider Activity

In other Coeur Mining news, EVP Casey M. Nault sold 10,000 shares of the business’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 transaction, the executive vice president owned 540,086 shares in the company, valued at approximately $10,801,720. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 80,000 shares of company stock worth $1,569,870. 0.90% of the stock is currently owned by corporate insiders.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.