Coeur Mining, Inc. (NYSE:CDE) Stake Lifted by Schroder Investment Management Group

Schroder Investment Management Group raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 22.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,989,680 shares of the basic materials company’s stock after buying an additional 555,430 shares during the quarter. Schroder Investment Management Group owned approximately 0.75% of Coeur Mining worth $16,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after buying an additional 665,452 shares during the period. XTX Topco Ltd bought a new stake in Coeur Mining during the 3rd quarter valued at $1,311,000. BNP Paribas Financial Markets boosted its position in Coeur Mining by 180.7% during the 3rd 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 during the period. US Bancorp DE grew its stake in shares of 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 in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Coeur Mining during the fourth quarter valued at $267,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Down 4.6 %

Shares of NYSE:CDE opened at $5.49 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 45.71 and a beta of 1.51. Coeur Mining, Inc. has a 1-year low of $4.03 and a 1-year high of $7.72. The company has a 50 day moving average price of $6.13 and a 200 day moving average price of $6.37.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CDE. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. Roth Mkm cut their target price 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, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $8.05.

Insider Buying and Selling

In other news, CFO Thomas S. Whelan bought 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.56% of the stock is currently owned by company insiders.

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.