Coeur Mining, Inc. (NYSE:CDE) Stake Increased by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,989,680 shares of the basic materials company's stock after acquiring an additional 555,430 shares during the period. Schroder Investment Management Group owned about 0.75% of Coeur Mining worth $16,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently 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 valued at $33,000 after buying an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Coeur Mining in the 4th quarter valued at about $57,000. ZEGA Investments LLC acquired a new position in Coeur Mining during the 4th quarter valued at about $64,000. Empowered Funds LLC bought a new position in Coeur Mining in the 4th quarter worth about $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Coeur Mining in the 4th quarter worth about $69,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Activity

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.56% of the stock is currently owned by company insiders.

Coeur Mining Price Performance

Shares of NYSE CDE traded down $0.28 during midday trading on Tuesday, reaching $4.79. The company's stock had a trading volume of 20,846,317 shares, compared to its average volume of 11,230,931. Coeur Mining, Inc. has a one year low of $4.03 and a one year high of $7.72. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 39.88 and a beta of 1.35. The company has a 50 day moving average price of $6.01 and a 200 day moving average price of $6.30. 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 (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. On average, equities research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

CDE has been the subject of several analyst reports. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective for the company. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Roth Mkm decreased their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Raymond James restated an "outperform" rating and set a $8.50 price target 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, six 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 a consensus rating of "Buy" and a consensus target price of $8.10.

Coeur Mining Company 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.