Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 37.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,500,103 shares of the basic materials company’s stock after buying an additional 948,784 shares during the quarter. Deutsche Bank AG owned 0.55% of Coeur Mining worth $20,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City State Bank grew its position in Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock worth $37,000 after buying an additional 2,274 shares during the period. Quarry LP grew its position in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after buying an additional 5,968 shares during the period. Optiver Holding B.V. grew its position in Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after buying an additional 4,903 shares during the period. Banque Cantonale Vaudoise acquired a new position in Coeur Mining during the first quarter worth about $53,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Coeur Mining during the first quarter worth about $60,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CDE shares. National Bankshares set a $12.00 target price on shares of Coeur Mining in a research report on Friday, June 13th. Roth Capital reiterated a “buy” rating and issued a $13.00 price target on shares of Coeur Mining in a research report on Thursday, August 7th. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Thursday, June 12th. Finally, BMO Capital Markets increased their price target on shares of Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.79.

Insider Activity

In related news, SVP Casey M. Nault sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $10.02, for a total transaction of $1,002,000.00. Following the sale, the senior vice president owned 670,880 shares in the company, valued at approximately $6,722,217.60. This trade represents a 12.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kenneth J. Watkinson sold 8,000 shares of Coeur Mining stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.62, for a total transaction of $92,960.00. Following the completion of the transaction, the chief accounting officer owned 143,007 shares in the company, valued at approximately $1,661,741.34. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 173,522 shares of company stock worth $1,788,871 in the last three months. 1.50% of the stock is owned by insiders.

Coeur Mining Stock Down 0.3%

Shares of NYSE CDE opened at $11.83 on Thursday. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $11.92. The firm’s 50 day moving average price is $9.42 and its 200 day moving average price is $7.41. The firm has a market cap of $7.60 billion, a P/E ratio of 31.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. During the same quarter last year, the business earned ($0.01) earnings per share. Coeur Mining’s revenue was up 116.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Coeur Mining Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.