Coeur Mining, Inc. $CDE Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in Coeur Mining, Inc. (NYSE:CDE) by 14.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,207,896 shares of the basic materials company’s stock after buying an additional 276,221 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Coeur Mining were worth $38,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Coeur Mining during the 3rd quarter valued at about $94,000. Vise Technologies Inc. raised its holdings in Coeur Mining by 52.0% in the 3rd quarter. Vise Technologies Inc. now owns 39,821 shares of the basic materials company’s stock valued at $701,000 after acquiring an additional 13,618 shares during the last quarter. Summit Global Investments lifted its stake in Coeur Mining by 2.4% in the 3rd quarter. Summit Global Investments now owns 41,589 shares of the basic materials company’s stock worth $732,000 after purchasing an additional 976 shares in the last quarter. Americana Partners LLC lifted its stake in Coeur Mining by 25.4% in the 3rd quarter. Americana Partners LLC now owns 73,858 shares of the basic materials company’s stock worth $1,300,000 after purchasing an additional 14,961 shares in the last quarter. Finally, Parcion Private Wealth LLC purchased a new position in Coeur Mining in the 3rd quarter worth approximately $215,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Thomas Whelan sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J. Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction 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 approximately $5,344,806.41. This trade represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 51,000 shares of company stock valued at $1,055,070. 0.90% of the stock is currently owned by company insiders.

Coeur Mining Price Performance

Coeur Mining stock opened at $14.57 on Thursday. Coeur Mining, Inc. has a 12-month low of $12.71 and a 12-month high of $27.77. The stock has a market cap of $14.98 billion, a P/E ratio of 12.45 and a beta of 1.46. The company has a 50-day moving average price of $17.70 and a 200 day moving average price of $18.84. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 77.4% compared to the same quarter last year. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.81 earnings per share for the current year.

Key Stories Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

• Positive Sentiment: Revenue rose 77.4% from a year earlier to $983.6 million, indicating substantial year-over-year growth. Quarterly earnings report
• Neutral Sentiment: Options traders bought 26,568 CDE call options, about 41% above typical daily volume. This suggests increased bullish positioning, though options activity alone does not establish a durable outlook.
• Negative Sentiment: Quarterly EPS was $0.10, down from $0.23 a year earlier. It matched the Zacks consensus but was below another cited analyst consensus of $0.14; revenue also trailed the $1.14 billion estimate. Zacks earnings report Adjusted earnings report
• Negative Sentiment: A report characterized a $40 million charge as a drag on an otherwise strong quarter, adding to concerns about the earnings decline. Quarterly results analysis

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Scotiabank lowered their price objective on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and a consensus target price of $26.06.

Coeur Mining 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.