Handelsbanken Fonder AB Makes New $573,000 Investment in Coeur Mining, Inc. (NYSE:CDE)

Handelsbanken Fonder AB acquired a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,200 shares of the basic materials company's stock, valued at approximately $573,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDE. Van ECK Associates Corp grew its holdings in Coeur Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock valued at $251,629,000 after purchasing an additional 365,115 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coeur Mining by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock worth $62,937,000 after buying an additional 89,863 shares during the period. JPMorgan Chase & Co. grew its stake in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after buying an additional 665,452 shares during the last quarter. Barclays PLC raised its holdings in 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 acquiring an additional 358,097 shares during the period. Finally, Wellington Management Group LLP lifted its position in Coeur Mining by 14.1% during the 3rd quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock worth $6,413,000 after acquiring an additional 114,870 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

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Coeur Mining Stock Performance

Shares of NYSE:CDE traded up $0.46 during trading on Wednesday, hitting $5.63. 22,549,069 shares of the stock were exchanged, compared to its average volume of 9,934,059. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 46.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining, Inc. has a 1-year low of $2.94 and a 1-year high of $7.72. The company's fifty day simple moving average is $6.19 and its 200-day simple moving average is $6.38.

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 analysts' consensus estimates of $0.11. The company had revenue of $305.40 million during the quarter, compared to analysts' expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, the chief financial officer now directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CDE. Cormark raised Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and cut their price target for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets assumed coverage on shares of 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 investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $8.31.

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.