Bank of Montreal Can Grows Stake in Coeur Mining, Inc. (NYSE:CDE)

Bank of Montreal Can increased its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 34.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,009,425 shares of the basic materials company's stock after purchasing an additional 258,392 shares during the quarter. Bank of Montreal Can owned approximately 0.25% of Coeur Mining worth $5,774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining during the 4th quarter worth approximately $57,000. ZEGA Investments LLC purchased a new position in shares of Coeur Mining in the fourth quarter valued at approximately $64,000. Empowered Funds LLC purchased a new position in Coeur Mining during the fourth quarter worth approximately $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in Coeur Mining in the fourth quarter valued at approximately $69,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James reiterated an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a research note on Wednesday, April 2nd. TD Securities began coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective on the stock. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $8.10.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The stock was bought 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. The trade was a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.56% of the stock is owned by insiders.

Coeur Mining Stock Performance

Shares of Coeur Mining stock traded down $0.25 during trading on Friday, reaching $6.03. The company's stock had a trading volume of 13,125,660 shares, compared to its average volume of 11,394,274. The firm has a market cap of $3.85 billion, a PE ratio of 50.21 and a beta of 1.35. The company has a 50-day moving average price of $5.85 and a two-hundred day moving average price of $6.24. 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, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its 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 business had revenue of $305.40 million during the quarter, compared to analysts' expectations of $314.32 million. On average, analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.