Charles Schwab Investment Management Inc. Reduces Position in Coeur Mining, Inc. (NYSE:CDE)

Charles Schwab Investment Management Inc. reduced its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,430,807 shares of the basic materials company's stock after selling 162,287 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.11% of Coeur Mining worth $25,344,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CDE. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after purchasing an additional 3,359 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth $57,000. Empowered Funds LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth $66,000. Proficio Capital Partners LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth $92,000. Finally, Virtu Financial LLC purchased a new position in shares of Coeur Mining during the 3rd quarter worth $119,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 3.3 %

CDE stock traded down $0.22 during mid-day trading on Friday, reaching $6.21. The company had a trading volume of 27,018,276 shares, compared to its average volume of 10,554,318. 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 market capitalization of $3.96 billion, a price-to-earnings ratio of 51.71 and a beta of 1.51. The firm has a fifty day simple moving average of $6.17 and a 200 day simple moving average of $6.35. Coeur Mining, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $7.72.

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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, meeting analysts' consensus estimates of $0.11. The company 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%. Analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of the business's stock in a transaction dated 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 transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Raymond James raised Coeur Mining from a "market perform" rating to an "outperform" rating and decreased their target price for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. Roth Mkm decreased their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. Finally, TD Securities assumed coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price on the stock. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $8.05.

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.