Chartwell Investment Partners LLC Purchases Shares of 155,000 Coeur Mining, Inc. (NYSE:CDE)

Chartwell Investment Partners LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 155,000 shares of the basic materials company's stock, valued at approximately $1,066,000.

Several other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Coeur Mining by 149.1% in the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company's stock valued at $1,221,000 after acquiring an additional 193,912 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Coeur Mining by 247.7% during the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company's stock worth $426,000 after purchasing an additional 80,531 shares during the period. Swiss National Bank raised its position in shares of Coeur Mining by 8.5% in the first quarter. Swiss National Bank now owns 755,500 shares of the basic materials company's stock valued at $2,848,000 after buying an additional 59,500 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Coeur Mining by 32.4% in the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company's stock valued at $92,000 after buying an additional 5,956 shares during the period. Finally, ProShare Advisors LLC grew its position in Coeur Mining by 17.6% during the first quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company's stock worth $243,000 after buying an additional 9,648 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Wall Street Analyst Weigh In

CDE has been the subject of a number of recent analyst reports. Raymond James upped their target price on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research report on Friday, September 20th. Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. Canaccord Genuity Group upped their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.81.

Coeur Mining Trading Down 4.4 %

CDE traded down $0.28 during trading on Wednesday, reaching $6.08. 9,908,654 shares of the company's stock were exchanged, compared to its average volume of 7,895,113. The firm has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $6.06. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. Coeur Mining, Inc. has a one year low of $2.11 and a one year high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The business's revenue was up 61.1% on a year-over-year basis. Equities research analysts expect that Coeur Mining, Inc. will post 0.16 earnings per share for the current fiscal year.

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.