Coeur Mining, Inc. (NYSE:CDE) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. raised its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 577.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 204,846 shares of the basic materials company's stock after purchasing an additional 174,600 shares during the period. Prudential Financial Inc. owned 0.05% of Coeur Mining worth $1,172,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CDE. GAMMA Investing LLC increased 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 valued at $33,000 after buying an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining in the 4th quarter worth approximately $57,000. ZEGA Investments LLC bought a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $64,000. Empowered Funds LLC acquired a new stake in shares of Coeur Mining during the 4th quarter valued at approximately $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Coeur Mining during the fourth quarter worth $69,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Coeur Mining Stock Performance

NYSE CDE traded up $0.43 on Friday, hitting $5.92. The stock had a trading volume of 19,000,115 shares, compared to its average volume of 11,367,983. The company's 50-day moving average is $5.92 and its two-hundred day moving average is $6.27. Coeur Mining, Inc. has a one year low of $4.03 and a one year high of $7.72. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 49.32 and a beta of 1.35. 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 (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, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. On average, analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insiders Place Their Bets

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.56% of the stock is currently owned by insiders.

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.