Coeur Mining, Inc. $CDE Shares Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. raised its holdings in Coeur Mining, Inc. (NYSE:CDE) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,799 shares of the basic materials company’s stock after purchasing an additional 38,213 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Coeur Mining were worth $2,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDE. Vanguard Group Inc. boosted its position in shares of Coeur Mining by 57.3% during the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after purchasing an additional 23,303,638 shares in the last quarter. Sprott Inc. grew its position in Coeur Mining by 889.3% during the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock worth $66,963,000 after buying an additional 10,180,102 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coeur Mining by 72.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock valued at $106,801,000 after buying an additional 7,579,901 shares in the last quarter. Pale Fire Capital SE purchased a new position in Coeur Mining in the first quarter valued at about $29,143,000. Finally, Nuveen LLC acquired a new stake in shares of Coeur Mining during the 1st quarter valued at approximately $27,519,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CDE shares. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Roth Capital set a $20.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Friday, October 3rd. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, October 30th. Wall Street Zen downgraded shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, BMO Capital Markets raised their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has an average rating of “Buy” and an average target price of $16.32.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the transaction, the chief executive officer owned 2,197,309 shares of the company’s stock, valued at $32,190,576.85. This represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Coeur Mining Price Performance

NYSE:CDE opened at $15.04 on Wednesday. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $23.61. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 22.79 and a beta of 1.21. The company’s 50-day moving average is $17.53 and its two-hundred day moving average is $12.76. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 17.01%. The firm had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same period in the prior year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 76.9% on a year-over-year basis. Research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

About Coeur Mining

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.