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

Schroder Investment Management Group increased its holdings in Coeur Mining, Inc. (NYSE:CDE) by 22.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,989,680 shares of the basic materials company’s stock after purchasing an additional 555,430 shares during the period. Schroder Investment Management Group’s holdings in Coeur Mining were worth $16,772,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Coeur Mining in the 4th quarter worth about $57,000. ZEGA Investments LLC acquired a new position in Coeur Mining in the 4th quarter worth about $64,000. Empowered Funds LLC acquired a new stake in shares of Coeur Mining during the 4th quarter valued at about $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Coeur Mining during the 4th quarter valued at about $69,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CDE. 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. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $8.05.

Coeur Mining Stock Down 4.6 %

CDE stock opened at $5.49 on Friday. 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 company has a 50-day moving average of $6.13 and a two-hundred day moving average of $6.37. 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 52-week low of $4.03 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE) last announced its 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. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.56% of the stock is currently owned by corporate insiders.

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.