National Bank of Canada FI Acquires 106,439 Shares of Coeur Mining, Inc. (NYSE:CDE)

National Bank of Canada FI raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDEFree Report) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 836,987 shares of the basic materials company’s stock after purchasing an additional 106,439 shares during the quarter. National Bank of Canada FI owned 0.22% of Coeur Mining worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CDE. Victory Capital Management Inc. increased its stake in Coeur Mining by 33.7% during the fourth quarter. Victory Capital Management Inc. now owns 50,847 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 12,813 shares during the last quarter. Van ECK Associates Corp lifted its position in Coeur Mining by 10.9% in the fourth 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 during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Coeur Mining during the fourth quarter worth $33,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Coeur Mining by 66.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,425 shares of the basic materials company’s stock valued at $292,000 after acquiring an additional 35,681 shares during the last quarter. Finally, Wakefield Asset Management LLLP raised its stake in shares of Coeur Mining by 11.7% in the fourth quarter. Wakefield Asset Management LLLP now owns 110,840 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 11,653 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on CDE

Insider Activity at Coeur Mining

In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction dated 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 approximately $523,748. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Sebastian Edwards sold 20,000 shares of Coeur Mining stock in a transaction dated 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 sale, the director now owns 103,100 shares of the company’s stock, valued at $523,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the transaction, 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 owned by insiders.

Coeur Mining Stock Performance

CDE stock opened at $5.29 on Monday. The firm has a 50-day simple moving average of $4.13 and a two-hundred day simple moving average of $3.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $5.59. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -17.06 and a beta of 1.77.

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

About Coeur Mining

(Free Report)

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.

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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