Coeur Mining, Inc. $CDE Stock: TD Waterhouse Canada Inc. Lowers Stake

TD Waterhouse Canada Inc. cut its holdings in Coeur Mining, Inc. (NYSE:CDE) by 31.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 75,669 shares of the basic materials company’s stock after selling 34,981 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Coeur Mining were worth $1,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BFI Infinity Ltd. acquired a new stake in shares of Coeur Mining during the 3rd quarter worth approximately $847,000. V Square Quantitative Management LLC acquired a new position in shares of Coeur Mining during the 3rd quarter valued at $54,000. Assenagon Asset Management S.A. lifted its position in shares of Coeur Mining by 68.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 655,645 shares of the basic materials company’s stock valued at $11,539,000 after acquiring an additional 266,815 shares during the period. B. Riley Wealth Advisors Inc. lifted 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 acquiring an additional 701 shares during the period. Finally, Krilogy Financial LLC bought a new position in Coeur Mining during the third quarter worth $427,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director J. Kenneth Thompson sold 25,000 shares of Coeur Mining stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Whelan sold 6,000 shares of Coeur Mining stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,000 shares of company stock worth $1,055,070 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Trading Up 0.0%

Shares of Coeur Mining stock opened at $15.13 on Thursday. 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 stock has a 50 day moving average price of $18.98 and a two-hundred day moving average price of $18.00. The stock has a market capitalization of $15.56 billion, a PE ratio of 12.94 and a beta of 1.37.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data 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). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 125.8% compared to the same quarter last year. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.88 earnings per share for the current fiscal year.

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.