Sigma Planning Corp Sells 14,720 Shares of Coeur Mining, Inc. (NYSE:CDE)

Sigma Planning Corp decreased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 46.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,950 shares of the basic materials company’s stock after selling 14,720 shares during the quarter. Sigma Planning Corp’s holdings in Coeur Mining were worth $55,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Coeur Mining by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after purchasing an additional 1,716,929 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Coeur Mining by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock valued at $9,221,000 after acquiring an additional 274,878 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Coeur Mining by 95.9% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after acquiring an additional 5,017,119 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Coeur Mining by 1.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock worth $806,000 after acquiring an additional 4,175 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted 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 purchasing an additional 1,702,840 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CDE. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Raymond James increased their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a report on Monday, April 8th. BMO Capital Markets increased their price target on Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Roth Mkm initiated coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. Finally, National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.21.

Coeur Mining Stock Performance

NYSE CDE opened at $4.91 on Tuesday. The stock has a 50-day simple moving average of $3.70 and a two-hundred day simple moving average of $3.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The firm has a market capitalization of $1.91 billion, a P/E ratio of -15.84 and a beta of 1.82. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $5.47.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. The firm had revenue of $262.10 million for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. On average, equities analysts forecast that Coeur Mining, Inc. will post -0.04 earnings per share for the current year.

About Coeur Mining

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.