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

Sprott Inc. decreased its stake in Coeur Mining, Inc. (NYSE:CDE) by 62.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,144,754 shares of the basic materials company’s stock after selling 1,914,963 shares during the period. Sprott Inc.’s holdings in Coeur Mining were worth $6,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% during the fourth 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 shares of Coeur Mining during the fourth quarter worth $57,000. Empowered Funds LLC purchased a new stake in shares of Coeur Mining during the 4th quarter worth about $66,000. Forum Financial Management LP bought a new position in Coeur Mining during the third quarter valued at approximately $81,000. Finally, KBC Group NV raised its holdings in shares of Coeur Mining by 45.4% during the 4th quarter. KBC Group NV now owns 18,919 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 5,908 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDE has been the subject of several analyst reports. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $8.75 to $8.25 in a report on Friday, February 21st. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Roth Mkm lowered their price objective 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. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $8.31.

Coeur Mining Stock Down 4.8 %

Shares of NYSE:CDE opened at $5.09 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.03 billion, a P/E ratio of 42.38 and a beta of 1.59. Coeur Mining, Inc. has a 12 month low of $2.42 and a 12 month high of $7.72. The company’s 50-day moving average price is $6.26 and its two-hundred day moving average price is $6.41.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data 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. The firm had revenue of $305.40 million for 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, research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal 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.