BI Asset Management Fondsmaeglerselskab A S Takes $259,000 Position in Coeur Mining, Inc. (NYSE:CDE)

BI Asset Management Fondsmaeglerselskab A S 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 45,221 shares of the basic materials company's stock, valued at approximately $259,000.

Several other hedge funds also recently added to or reduced their stakes in CDE. GAMMA Investing LLC boosted its holdings in shares of Coeur Mining by 139.8% in the 4th 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 position in shares of Coeur Mining during the fourth quarter worth about $57,000. DRW Securities LLC acquired a new stake in shares of Coeur Mining during the fourth quarter worth about $60,000. ZEGA Investments LLC purchased a new stake in shares of Coeur Mining in the 4th quarter valued at about $64,000. Finally, Empowered Funds LLC acquired a new stake in shares of Coeur Mining in the 4th quarter valued at about $66,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CDE. Raymond James reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target for the company. Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Finally, TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $8.10.

Coeur Mining Stock Performance

NYSE CDE traded down $0.17 on Friday, hitting $5.67. 10,658,214 shares of the company's stock were exchanged, compared to its average volume of 11,589,745. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 47.25 and a beta of 1.35. The firm's 50-day moving average price is $5.73 and its two-hundred day moving average price is $6.21. Coeur Mining, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $7.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

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

Insider Activity

In related news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the transaction, the chief financial officer now owns 668,450 shares of the company's stock, valued at $3,509,362.50. This represents a 1.52 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.