Russell Investments Group Ltd. Acquires 222,803 Shares of Coeur Mining, Inc. (NYSE:CDE)

Russell Investments Group Ltd. lifted its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 2,203.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,916 shares of the basic materials company's stock after acquiring an additional 222,803 shares during the period. Russell Investments Group Ltd. owned 0.06% of Coeur Mining worth $1,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position 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 purchasing an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Coeur Mining during the 4th quarter valued at approximately $57,000. ZEGA Investments LLC bought a new stake in Coeur Mining during the 4th quarter valued at approximately $64,000. Empowered Funds LLC acquired a new stake in Coeur Mining in the 4th quarter valued at approximately $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Coeur Mining in the 4th quarter worth approximately $69,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CDE has been the subject of several research reports. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective for the company. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. 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 for the company. Finally, 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. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $8.10.

Coeur Mining Price Performance

NYSE:CDE traded down $0.17 during mid-day trading on Friday, hitting $5.68. The company's stock had a trading volume of 3,684,952 shares, compared to its average volume of 11,537,202. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 47.21 and a beta of 1.35. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $7.72. The stock has a fifty day moving average of $5.75 and a 200-day moving average of $6.21.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its 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 business had revenue of $305.40 million during the quarter, compared to analysts' expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, equities analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.56% of the company's stock.

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.