Geode Capital Management LLC Sells 46,051 Shares of Coeur Mining, Inc. (NYSE:CDE)

Geode Capital Management LLC lessened its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,100,056 shares of the basic materials company's stock after selling 46,051 shares during the period. Geode Capital Management LLC owned 2.28% of Coeur Mining worth $52,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CDE. FMR LLC grew its holdings in Coeur Mining by 1,011.0% in the third quarter. FMR LLC now owns 137,504 shares of the basic materials company's stock worth $946,000 after purchasing an additional 125,127 shares during the period. Wellington Management Group LLP boosted its position in shares of Coeur Mining by 14.1% in the 3rd quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock worth $6,413,000 after purchasing an additional 114,870 shares in the last quarter. Barclays PLC grew its stake in shares of Coeur Mining by 59.2% in the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after buying an additional 358,097 shares during the last quarter. Virtu Financial LLC bought a new position in Coeur Mining during the 3rd quarter valued at approximately $119,000. Finally, Franklin Resources Inc. purchased a new position in Coeur Mining during the third quarter valued at $423,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

Coeur Mining stock traded down $0.25 during mid-day trading on Friday, reaching $6.03. 13,125,660 shares of the company's stock traded hands, compared to its average volume of 11,419,148. Coeur Mining, Inc. has a 12-month low of $4.03 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 stock has a 50 day moving average of $5.83 and a two-hundred day moving average of $6.24. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 50.21 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Equities analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CDE. Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. TD Securities began 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. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Raymond James reissued an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. Finally, TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $8.10.

Insider Transactions at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the company'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 purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.56% of the company's stock.

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.