Bokf Na Acquires 60,028 Shares of Coeur Mining, Inc. $CDE

Bokf Na grew its holdings in Coeur Mining, Inc. (NYSE:CDE) by 3,571.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,709 shares of the basic materials company’s stock after buying an additional 60,028 shares during the period. Bokf Na’s holdings in Coeur Mining were worth $1,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. North Dakota State Investment Board lifted its holdings in shares of Coeur Mining by 3.9% in the 3rd quarter. North Dakota State Investment Board now owns 31,463 shares of the basic materials company’s stock valued at $554,000 after acquiring an additional 1,180 shares during the last quarter. Convergence Financial LLC raised its position in Coeur Mining by 263.7% during the third quarter. Convergence Financial LLC now owns 61,130 shares of the basic materials company’s stock valued at $1,076,000 after purchasing an additional 44,320 shares during the period. Victory Financial Group LLC lifted its stake in shares of Coeur Mining by 19.2% in the 3rd quarter. Victory Financial Group LLC now owns 22,422 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 3,615 shares during the last quarter. Generali Asset Management SPA SGR lifted its stake in shares of Coeur Mining by 18.8% in the 3rd quarter. Generali Asset Management SPA SGR now owns 32,629 shares of the basic materials company’s stock valued at $574,000 after purchasing an additional 5,165 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Coeur Mining by 3.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 397,232 shares of the basic materials company’s stock worth $6,991,000 after purchasing an additional 13,339 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Insider Activity at Coeur Mining

In other 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 transaction of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares in the company, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas S. Whelan sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,000 shares of company stock valued at $1,055,070 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Trading Down 6.6%

CDE stock opened at $13.12 on Friday. The company has a market capitalization of $13.49 billion, a PE ratio of 11.21 and a beta of 1.37. Coeur Mining, Inc. has a 12 month low of $12.71 and a 12 month high of $27.77. The firm’s 50-day moving average is $18.14 and its 200 day moving average is $18.95. 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 released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining’s revenue for the quarter was up 125.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

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