Coeur Mining, Inc. (NYSE:CDE) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,216 shares of the basic materials company’s stock after selling 7,000 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Coeur Mining were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CDE. Vanguard Group Inc. lifted its position in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the period. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after buying an additional 3,556,959 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Coeur Mining by 22.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after buying an additional 1,702,840 shares in the last quarter. Penn Capital Management Company LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth approximately $2,063,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Coeur Mining by 9.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,561,874 shares of the basic materials company’s stock worth $14,871,000 after buying an additional 408,122 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the completion of the transaction, the director now owns 103,100 shares of the company’s stock, valued at $523,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the sale, the director now owns 103,100 shares in the company, valued at $523,748. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the sale, the chief accounting officer now owns 140,719 shares in the company, valued at approximately $683,894.34. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Coeur Mining Stock Performance

Coeur Mining stock opened at $5.56 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. The stock has a fifty day moving average of $5.29 and a two-hundred day moving average of $3.93. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -17.93 and a beta of 1.76. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $6.05.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. Coeur Mining’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) earnings per share. On average, analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

CDE has been the subject of a number of analyst reports. Raymond James increased their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. BMO Capital Markets raised Coeur Mining from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $4.25 to $5.50 in a research note on Friday, May 3rd. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. Finally, Roth Mkm began coverage on Coeur Mining in a research note on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.36.

Coeur Mining Company 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.