JPMorgan Chase & Co. Raises Stock Position in Coeur Mining, Inc. (NYSE:CDE)

JPMorgan Chase & Co. lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,710,242 shares of the basic materials company's stock after acquiring an additional 291,526 shares during the quarter. JPMorgan Chase & Co. owned 0.43% of Coeur Mining worth $9,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Segall Bryant & Hamill LLC purchased a new stake in Coeur Mining during the 4th quarter worth about $4,439,000. Prudential Financial Inc. increased its position in shares of Coeur Mining by 577.3% in the 4th quarter. Prudential Financial Inc. now owns 204,846 shares of the basic materials company's stock valued at $1,172,000 after purchasing an additional 174,600 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Coeur Mining by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock valued at $232,805,000 after purchasing an additional 3,178,785 shares in the last quarter. LPL Financial LLC lifted its position in shares of Coeur Mining by 37.5% during the 4th quarter. LPL Financial LLC now owns 291,920 shares of the basic materials company's stock worth $1,670,000 after purchasing an additional 79,558 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its position in shares of Coeur Mining by 45.9% during the 4th quarter. Fox Run Management L.L.C. now owns 18,481 shares of the basic materials company's stock worth $106,000 after purchasing an additional 5,813 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now owns 668,450 shares in the company, valued at $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 accessible through the SEC website. Corporate insiders own 1.56% of the company's stock.

Coeur Mining Stock Performance

Coeur Mining stock traded down $0.25 during midday trading on Friday, hitting $6.03. 13,125,660 shares of the company's stock were exchanged, compared to its average volume of 11,394,274. The firm's 50 day simple moving average is $5.85 and its 200 day simple moving average is $6.24. Coeur Mining, Inc. has a 12-month low of $4.03 and a 12-month high of $7.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 50.21 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last posted 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. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Equities research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CDE. BMO Capital Markets assumed 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. Raymond James reissued an "outperform" rating and set a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. Roth Mkm lowered their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $8.10.

Coeur Mining 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.