Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Sprott Inc.

Sprott Inc. lowered its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 62.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,144,754 shares of the basic materials company’s stock after selling 1,914,963 shares during the quarter. Sprott Inc. owned about 0.29% of Coeur Mining worth $6,548,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CDE. GAMMA Investing LLC increased its holdings in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Coeur Mining during the fourth quarter valued at $57,000. Empowered Funds LLC bought a new stake in Coeur Mining during the fourth quarter valued at $66,000. Forum Financial Management LP acquired a new stake in shares of Coeur Mining during the third quarter worth $81,000. Finally, KBC Group NV lifted its position in shares of Coeur Mining by 45.4% in the 4th quarter. KBC Group NV now owns 18,919 shares of the basic materials company’s stock worth $108,000 after buying an additional 5,908 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CDE shares. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $8.75 to $8.25 in a research report on Friday, February 21st. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Finally, Roth Mkm cut their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $8.31.

Coeur Mining Stock Performance

Shares of CDE stock opened at $5.09 on Wednesday. Coeur Mining, Inc. has a 12-month low of $2.42 and a 12-month high of $7.72. 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 firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 42.38 and a beta of 1.59. The business has a 50 day simple moving average of $6.26 and a 200 day simple moving average of $6.41.

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