Zurcher Kantonalbank Zurich Cantonalbank Buys 35,681 Shares of Coeur Mining, Inc. (NYSE:CDE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Coeur Mining, Inc. (NYSE:CDE) by 66.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 89,425 shares of the basic materials company’s stock after purchasing an additional 35,681 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coeur Mining were worth $292,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jupiter Asset Management Ltd. raised its position in 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 purchasing an additional 5,017,119 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Coeur Mining by 5.7% in the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after buying an additional 1,716,929 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after buying an additional 1,702,840 shares during the last quarter. Van ECK Associates Corp lifted its position in Coeur Mining by 5.4% during the 3rd quarter. Van ECK Associates Corp now owns 32,722,099 shares of the basic materials company’s stock worth $72,643,000 after buying an additional 1,681,708 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Coeur Mining by 164.4% during the 3rd quarter. Deutsche Bank AG now owns 2,287,978 shares of the basic materials company’s stock worth $5,079,000 after acquiring an additional 1,422,710 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CDE. Raymond James boosted their target price on shares of 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 upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $4.25 to $5.50 in a research report on Friday. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective on the stock. Roth Capital restated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Finally, National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.36.

Coeur Mining Trading Up 1.9 %

NYSE:CDE opened at $4.88 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. Coeur Mining, Inc. has a 1-year low of $2.00 and a 1-year high of $5.47. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -15.74 and a beta of 1.77. The business’s 50-day moving average price is $3.87 and its two-hundred day moving average price is $3.18.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.27%. The business had revenue of $213.10 million for the quarter, compared to the consensus estimate of $203.43 million. During the same period last year, the company posted ($0.11) EPS. Coeur Mining’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts expect that Coeur Mining, Inc. will post -0.04 earnings per share for the current year.

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.