Van ECK Associates Corp Sells 2,726,203 Shares of Coeur Mining, Inc. (NYSE:CDE)

Van ECK Associates Corp lowered its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,743,580 shares of the basic materials company's stock after selling 2,726,203 shares during the period. Van ECK Associates Corp owned about 7.95% of Coeur Mining worth $181,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CDE. JPMorgan Chase & Co. raised its stake in shares of Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after buying an additional 665,452 shares during the period. U S Global Investors Inc. raised its stake in shares of Coeur Mining by 160.4% in the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company's stock valued at $4,032,000 after buying an additional 361,000 shares during the period. Barclays PLC raised its stake in shares of Coeur Mining by 59.2% in the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock valued at $6,624,000 after buying an additional 358,097 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Coeur Mining by 180.7% in the third quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company's stock valued at $2,137,000 after buying an additional 199,919 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Coeur Mining in the third quarter valued at $1,311,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

Shares of CDE traded down $0.61 during midday trading on Friday, reaching $6.62. The stock had a trading volume of 29,836,358 shares, compared to its average volume of 11,334,689. The company's 50-day moving average is $6.39 and its 200 day moving average is $6.39. Coeur Mining, Inc. has a 12-month low of $2.42 and a 12-month high of $7.72. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -220.43 and a beta of 1.59.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Roth Mkm restated a "buy" rating and set a $8.50 target price (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $7.81.

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.