Invesco Ltd. Increases Position in Coeur Mining, Inc. (NYSE:CDE)

Invesco Ltd. raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,273,198 shares of the basic materials company's stock after purchasing an additional 668,423 shares during the quarter. Invesco Ltd. owned approximately 0.57% of Coeur Mining worth $13,003,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CDE. GAMMA Investing LLC grew its holdings in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Coeur Mining during the fourth quarter worth about $57,000. ZEGA Investments LLC purchased a new position in Coeur Mining in the 4th quarter worth approximately $64,000. Empowered Funds LLC purchased a new position in Coeur Mining in the fourth quarter worth $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Coeur Mining in the fourth quarter valued at $69,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

CDE stock traded down $0.20 during mid-day trading on Friday, hitting $5.65. The company had a trading volume of 7,852,073 shares, compared to its average volume of 11,553,369. Coeur Mining, Inc. has a 12-month low of $4.36 and a 12-month high of $7.72. 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 has a 50-day moving average price of $5.75 and a 200 day moving average price of $6.21. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 47.05 and a beta of 1.35.

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 for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

CDE has been the topic of several research reports. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. Raymond James reissued an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. Finally, TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $8.10.

Insiders Place Their Bets

In related news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.56% of the stock is owned by company insiders.

Coeur Mining Profile

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.