American Century Companies Inc. Sells 2,223,296 Shares of Coeur Mining, Inc. (NYSE:CDE)

American Century Companies Inc. lessened its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 61.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,405,670 shares of the basic materials company's stock after selling 2,223,296 shares during the period. American Century Companies Inc. owned about 0.35% of Coeur Mining worth $8,040,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% in 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 Coeur Mining in the 4th quarter valued at $57,000. ZEGA Investments LLC purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $64,000. Empowered Funds LLC purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Coeur Mining during the 4th quarter worth $69,000. Institutional investors own 63.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Roth Mkm reduced 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 report on Friday, February 21st. Raymond James reissued an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. TD Securities assumed coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective for the company. Finally, TD Cowen raised Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $8.10.

Coeur Mining Stock Performance

CDE traded down $0.28 on Tuesday, hitting $4.79. The company's stock had a trading volume of 20,846,317 shares, compared to its average volume of 11,230,931. Coeur Mining, Inc. has a 12 month low of $4.03 and a 12 month high of $7.72. The firm has a market cap of $3.06 billion, a P/E ratio of 39.88 and a beta of 1.35. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company's 50 day simple moving average is $6.01 and its 200-day simple moving average is $6.30.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS 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 during the quarter, compared to analyst estimates of $314.32 million. Analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.56% of the stock is owned by corporate insiders.

About Coeur Mining

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.