Norges Bank Purchases New Shares in Coeur Mining, Inc. (NYSE:CDE)

Norges Bank bought a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 242,554 shares of the basic materials company's stock, valued at approximately $1,387,000. Norges Bank owned 0.06% of Coeur Mining as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake 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 valued at $33,000 after acquiring an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining in the fourth quarter worth $57,000. ZEGA Investments LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth $64,000. Empowered Funds LLC bought a new stake in Coeur Mining during the fourth quarter valued at $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Coeur Mining during the fourth quarter worth about $69,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CDE has been the subject of a number of research analyst reports. Raymond James reiterated an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. Roth Mkm cut their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Coeur Mining currently has a consensus rating of "Buy" and an average target price of $8.10.

Coeur Mining Trading Down 3.9 %

Shares of NYSE:CDE traded down $0.25 on Thursday, reaching $6.03. 3,964,262 shares of the company traded hands, compared to its average volume of 11,361,205. Coeur Mining, Inc. has a 52 week low of $4.03 and a 52 week high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The business's 50-day simple moving average is $5.87 and its 200 day simple moving average is $6.25. The stock has a market capitalization of $3.85 billion, a P/E ratio of 50.38 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $305.40 million for the quarter, compared to analyst estimates 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 analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.56% of the stock is currently owned by corporate insiders.

Coeur Mining Company 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.