93,350 Shares in Coeur Mining, Inc. $CDE Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 93,350 shares of the basic materials company’s stock, valued at approximately $1,523,000.

Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after buying an additional 820 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Coeur Mining during the 2nd quarter worth $26,000. Triumph Capital Management boosted its position in shares of Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the period. Finally, Kingdom Financial Group LLC. acquired a new stake in Coeur Mining during the fourth quarter worth about $32,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the transaction, the director owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,000 shares of company stock worth $844,470 in the last ninety days. 0.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital set a $19.00 price target on shares of Coeur Mining in a report on Friday, August 7th. Scotiabank reduced 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 report on Friday, August 7th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Coeur Mining Stock Performance

NYSE:CDE opened at $21.24 on Monday. The company has a fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $18.83. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 18.15 and a beta of 1.32. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 52 week low of $12.54 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last posted its quarterly 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The company’s revenue was up 125.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.86 earnings per share for the current fiscal year.

About Coeur Mining

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.