Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Sprott Inc.

Sprott Inc. lowered its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 62.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,144,754 shares of the basic materials company's stock after selling 1,914,963 shares during the period. Sprott Inc. owned approximately 0.29% of Coeur Mining worth $6,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after purchasing an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Coeur Mining in the fourth quarter worth about $57,000. Empowered Funds LLC bought a new stake in Coeur Mining in the fourth quarter worth about $66,000. Forum Financial Management LP bought a new stake in Coeur Mining in the third quarter worth about $81,000. Finally, Virtu Financial LLC bought a new stake in Coeur Mining in the third quarter worth about $119,000. Institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

CDE has been the subject of several analyst reports. BMO Capital Markets began coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective for the company. Raymond James raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and decreased their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Finally, Roth Mkm decreased their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $8.31.

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Coeur Mining Stock Up 2.4 %

CDE stock traded up $0.12 during trading on Friday, hitting $5.14. 29,101,519 shares of the company's stock traded hands, compared to its average volume of 9,778,277. The firm has a market capitalization of $2.05 billion, a P/E ratio of 42.84 and a beta of 1.59. The business has a fifty day simple moving average of $6.22 and a two-hundred day simple moving average of $6.39. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 1 year low of $2.54 and a 1 year high of $7.72.

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

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.56% of the stock is currently owned by corporate insiders.

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.