Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 815,150 shares of the basic materials company's stock after selling 60,442 shares during the period. Legal & General Group Plc owned about 0.20% of Coeur Mining worth $4,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CDE. GAMMA Investing LLC raised its stake in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after buying an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Coeur Mining during the fourth quarter worth $57,000. ZEGA Investments LLC purchased a new position in Coeur Mining in the fourth quarter worth $64,000. Empowered Funds LLC purchased a new position in Coeur Mining in the fourth quarter worth $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Coeur Mining in the fourth quarter valued at $69,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Trading Down 3.3 %

NYSE CDE traded down $0.20 during trading hours on Friday, hitting $5.65. 7,852,073 shares of the company's stock were exchanged, compared to its average volume of 11,553,369. 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 firm has a market capitalization of $3.61 billion, a P/E ratio of 47.05 and a beta of 1.35. The business's 50 day moving average is $5.75 and its 200-day moving average is $6.21. Coeur Mining, Inc. has a 12-month low of $4.36 and a 12-month high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Raymond James reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, TD Securities began coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective on the stock. One analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Coeur Mining presently has a consensus rating of "Buy" and a consensus price target 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.