Amundi Sells 144,591 Shares of Coeur Mining, Inc. (NYSE:CDE)

Amundi cut its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,366,664 shares of the basic materials company's stock after selling 144,591 shares during the quarter. Amundi owned approximately 0.34% of Coeur Mining worth $7,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CDE. Jennison Associates LLC bought a new position in Coeur Mining in the 3rd quarter worth about $579,000. Intech Investment Management LLC bought a new position in Coeur Mining in the 3rd quarter worth about $642,000. Landscape Capital Management L.L.C. bought a new position in Coeur Mining in the 3rd quarter worth about $388,000. Navellier & Associates Inc. bought a new position in Coeur Mining in the 3rd quarter worth about $294,000. Finally, FMR LLC boosted its stake in Coeur Mining by 1,011.0% in the 3rd quarter. FMR LLC now owns 137,504 shares of the basic materials company's stock worth $946,000 after purchasing an additional 125,127 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Performance

Shares of CDE stock traded up $0.35 on Monday, reaching $6.38. The stock had a trading volume of 8,747,919 shares, compared to its average volume of 10,269,285. The stock has a market cap of $4.07 billion, a P/E ratio of 53.13 and a beta of 1.51. Coeur Mining, Inc. has a 1 year low of $2.98 and a 1 year high of $7.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The company has a 50 day simple moving average of $6.16 and a 200 day simple moving average of $6.35.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CDE. Roth Mkm dropped their price target 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. Raymond James raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and dropped their price target for the company from $8.75 to $8.25 in a report on Friday, February 21st. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining has an average rating of "Buy" and a consensus price target of $8.05.

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.56% of the stock is owned by company 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.