Coeur Mining, Inc. $CDE Stock: TSP Capital Management Group LLC Decreases Position

TSP Capital Management Group LLC lessened its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 20.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,389,800 shares of the basic materials company’s stock after selling 347,086 shares during the period. Coeur Mining makes up approximately 6.3% of TSP Capital Management Group LLC’s portfolio, making the stock its biggest holding. TSP Capital Management Group LLC owned 0.14% of Coeur Mining worth $24,460,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CDE. Versant Capital Management Inc lifted its holdings in Coeur Mining by 105.0% in the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 820 shares during the period. Ancora Advisors LLC acquired a new position in shares of Coeur Mining during the 2nd quarter worth $26,000. Bullseye Investment Management LLC acquired a new position in shares of Coeur Mining during the 2nd quarter worth $33,000. Parallel Advisors LLC grew its stake in shares of Coeur Mining by 181.8% during the 1st quarter. Parallel Advisors LLC now owns 3,260 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 2,103 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of Coeur Mining by 74.4% during the 2nd quarter. IFP Advisors Inc now owns 4,155 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 1,773 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

NYSE CDE opened at $15.42 on Friday. Coeur Mining, Inc. has a 1-year low of $13.55 and a 1-year high of $27.77. The company has a market capitalization of $15.85 billion, a P/E ratio of 13.18 and a beta of 1.37. The business has a 50 day moving average price of $19.22 and a 200 day moving average price of $18.09. 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 data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (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 business’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. Sell-side analysts expect that Coeur Mining, Inc. will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In related news, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,000 shares of company stock worth $1,055,070 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

About Coeur Mining

Coeur Mining, Inc is a precious metals mining company that explores, develops, and operates mines primarily producing gold and silver. The company also conducts related activities, including mineral exploration, project development, processing, and the sale of recovered metals.

Coeur’s operating portfolio has included the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Rochester silver-gold mine in Nevada, and the Palmarejo and Las Chispas operations in Mexico.