Zacks Investment Management Buys New Stake in Coeur Mining, Inc. (NYSE:CDE)

Zacks Investment Management purchased a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 130,240 shares of the basic materials company's stock, valued at approximately $745,000.

Other large investors have also recently made changes to their positions in the company. Merit Financial Group LLC grew its holdings in Coeur Mining by 5.4% during the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock worth $181,000 after acquiring an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Coeur Mining by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after purchasing an additional 2,323 shares during the period. Summit Investment Advisors Inc. increased its position in Coeur Mining by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock worth $236,000 after purchasing an additional 2,624 shares during the last quarter. Xponance Inc. lifted its holdings in Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after purchasing an additional 2,811 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after acquiring an additional 3,359 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Down 2.8 %

Shares of CDE stock traded down $0.17 during trading hours on Friday, reaching $5.68. 4,963,203 shares of the company's stock were exchanged, compared to its average volume of 18,759,355. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 47.21 and a beta of 1.35. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $7.72. The stock's 50 day moving average is $5.75 and its 200-day moving average is $6.21.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CDE. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James reaffirmed an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Roth Mkm cut 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, TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and an average target price of $8.10.

Insiders Place Their Bets

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

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.