Legal & General Group Plc Cuts Stock Holdings in Coeur Mining, Inc. (NYSE:CDE)

Legal & General Group Plc lessened its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 815,150 shares of the basic materials company’s stock after selling 60,442 shares during the period. Legal & General Group Plc’s holdings in Coeur Mining were worth $4,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after buying an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Coeur Mining during the fourth quarter valued at $57,000. ZEGA Investments LLC bought a new position in Coeur Mining during the fourth quarter valued at $64,000. Empowered Funds LLC purchased a new position in shares of Coeur Mining in the 4th quarter worth $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Coeur Mining in the 4th quarter worth about $69,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insiders Place Their Bets

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.56% of the company’s stock.

Coeur Mining Trading Down 0.8 %

CDE stock opened at $5.98 on Tuesday. The company has a market capitalization of $3.82 billion, a PE ratio of 49.84 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. Coeur Mining, Inc. has a 12 month low of $4.03 and a 12 month high of $7.72. The firm’s 50-day moving average is $5.81 and its 200 day moving average is $6.22.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $314.32 million. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CDE. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Roth Mkm cut their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Raymond James restated an “outperform” rating and issued a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Coeur Mining presently has an average rating of “Buy” and an average price target of $8.10.

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.