Coeur Mining, Inc. $CDE Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in Coeur Mining, Inc. (NYSE:CDE) by 34.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,052,305 shares of the basic materials company’s stock after selling 1,614,856 shares during the period. Wellington Management Group LLP’s holdings in Coeur Mining were worth $49,814,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CDE. Arrowstreet Capital Limited Partnership raised its position in Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after purchasing an additional 13,418,041 shares in the last quarter. State Street Corp increased its stake in shares of 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 worth $432,390,000 after buying an additional 1,529,394 shares during the period. Tidal Investments LLC increased its stake in shares of Coeur Mining by 55.3% during the second 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 during the period. Geode Capital Management LLC raised its holdings 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 valued at $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% in 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 acquiring an additional 3,291,431 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CDE. Scotiabank lowered their price target on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Insider Buying and Selling

In other Coeur Mining news, EVP Casey Nault sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the executive vice president directly owned 540,086 shares of the company’s stock, valued at $10,801,720. This represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J. Kenneth Thompson sold 25,000 shares of the 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 sale, the director directly owned 257,333 shares of the company’s stock, valued at $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,000 shares of company stock valued at $844,470 over the last quarter. 0.90% of the stock is currently owned by insiders.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $21.71 on Friday. The firm’s fifty day simple moving average is $17.51 and its 200-day simple moving average is $18.79. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 18.56 and a beta of 1.39. Coeur Mining, Inc. has a 12 month low of $13.55 and a 12 month 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 earnings per share 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 in the prior year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 125.8% on a year-over-year basis. As a group, equities analysts forecast that Coeur Mining, Inc. will post 0.86 earnings per share for the current 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.