Vanguard Group Inc. Increases Stake in Coeur Mining, Inc. (NYSE:CDE)

Vanguard Group Inc. increased its stake in Coeur Mining, Inc. (NYSE:CDE) by 8.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,700,218 shares of the basic materials company’s stock after acquiring an additional 3,178,785 shares during the period. Vanguard Group Inc. owned about 0.10% of Coeur Mining worth $232,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Coeur Mining by 88.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after buying an additional 665,452 shares in the last quarter. XTX Topco Ltd purchased a new position in Coeur Mining during the 3rd quarter valued at about $1,311,000. BNP Paribas Financial Markets boosted its stake in Coeur Mining by 180.7% during the third quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after acquiring an additional 199,919 shares in the last quarter. US Bancorp DE grew its holdings in Coeur Mining by 595.5% in the fourth quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock worth $503,000 after purchasing an additional 75,314 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in shares of Coeur Mining during the fourth quarter valued at approximately $267,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Trading Down 11.7 %

Coeur Mining stock opened at $4.85 on Friday. Coeur Mining, Inc. has a one year low of $4.03 and a one year high of $7.72. The business’s fifty day moving average is $6.10 and its 200 day moving average is $6.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock has a market capitalization of $3.09 billion, a PE ratio of 40.38 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. On average, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

CDE has been the topic of a number of analyst reports. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price on the stock. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Roth Mkm lowered their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $8.75 to $8.25 in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining presently has an average rating of “Buy” and a consensus target price of $8.05.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.56% of the company’s stock.

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.