FIL Ltd bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 92,823 shares of the basic materials company's stock, valued at approximately $531,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Coeur Mining by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock valued at $232,805,000 after buying an additional 3,178,785 shares during the period. Geode Capital Management LLC grew its position in Coeur Mining by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock valued at $62,937,000 after purchasing an additional 89,863 shares during the period. Schroder Investment Management Group lifted its stake in shares of Coeur Mining by 22.8% in the fourth quarter. Schroder Investment Management Group now owns 2,989,680 shares of the basic materials company's stock valued at $16,772,000 after buying an additional 555,430 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Coeur Mining by 1.2% in the 4th quarter. First Eagle Investment Management LLC now owns 2,504,978 shares of the basic materials company's stock worth $14,328,000 after acquiring an additional 30,600 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Coeur Mining by 41.7% in the fourth quarter. Invesco Ltd. now owns 2,273,198 shares of the basic materials company's stock valued at $13,003,000 after acquiring an additional 668,423 shares during the last quarter. 63.01% of the stock is owned by institutional investors.
Coeur Mining Price Performance
Coeur Mining stock traded down $0.25 during mid-day trading on Friday, hitting $6.03. The stock had a trading volume of 13,125,660 shares, compared to its average volume of 11,394,274. 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 firm's 50 day moving average is $5.85 and its 200 day moving average is $6.24. The firm has a market capitalization of $3.85 billion, a P/E ratio of 50.21 and a beta of 1.35. Coeur Mining, Inc. has a one year low of $4.03 and a one year high of $7.72.
Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $305.40 million for 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%. On average, sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining 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 acquisition, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.56% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CDE shares. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Raymond James restated an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. TD Securities initiated coverage on Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. Finally, TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $8.10.
Get Our Latest Stock Analysis on Coeur Mining
Coeur Mining Profile
(
Free Report)
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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