67,933 Shares in Coeur Mining, Inc. (NYSE:CDE) Bought by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,933 shares of the basic materials company's stock, valued at approximately $389,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC grew its holdings in shares of Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock worth $181,000 after acquiring an additional 1,607 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Coeur Mining by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after purchasing an additional 2,323 shares during the period. Xponance Inc. grew its stake in shares of Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock valued at $164,000 after purchasing an additional 2,811 shares during the period. GAMMA Investing LLC lifted its stake in shares of Coeur Mining by 139.8% in the 4th 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 period. Finally, Rhumbline Advisers grew its position in shares of Coeur Mining by 0.9% during the 4th quarter. Rhumbline Advisers now owns 625,026 shares of the basic materials company's stock valued at $3,575,000 after acquiring an additional 5,328 shares during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Trading Down 3.3 %

NYSE:CDE traded down $0.19 during mid-day trading on Thursday, hitting $5.56. 8,749,034 shares of the stock traded hands, compared to its average volume of 11,099,360. 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 52 week low of $4.03 and a 52 week high of $7.72. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 46.34 and a beta of 1.51. The firm's 50 day moving average is $6.14 and its two-hundred day moving average is $6.37.

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 the consensus estimate of $0.11. The company had revenue of $305.40 million for 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 predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares of the company's stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CDE shares. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. BMO Capital Markets started coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Finally, Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $8.05.

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.