Evoke Wealth LLC bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,530 shares of the basic materials company’s stock, valued at approximately $64,000.
Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in Coeur Mining by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after purchasing an additional 3,556,959 shares in the last quarter. Vanguard Group Inc. increased its holdings in Coeur Mining by 5.7% during the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock worth $70,740,000 after buying an additional 1,716,929 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Coeur Mining by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after acquiring an additional 84,920 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after acquiring an additional 5,017,119 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after acquiring an additional 1,702,840 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on CDE shares. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. Roth Mkm started coverage on Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. Raymond James increased their price target on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.36.
Get Our Latest Analysis on Coeur Mining
Coeur Mining Stock Performance
CDE stock opened at $5.67 on Tuesday. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $6.05. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. The business’s fifty day moving average price is $4.89 and its two-hundred day moving average price is $3.63.
Coeur Mining (NYSE:CDE – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. Coeur Mining’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) earnings per share. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current year.
Insider Transactions at Coeur Mining
In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the sale, the chief accounting officer now directly owns 140,719 shares in the company, valued at $683,894.34. The sale was disclosed in a filing with the SEC, which is available at this link. In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total value of $101,600.00. Following the transaction, the director now directly owns 103,100 shares of the company’s stock, valued at approximately $523,748. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the transaction, the chief accounting officer now owns 140,719 shares of the company’s stock, valued at $683,894.34. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
Coeur Mining 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.
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