Savant Capital LLC Takes Position in Coeur Mining, Inc. (NYSE:CDE)

Savant Capital LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,527 shares of the basic materials company's stock, valued at approximately $255,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in Coeur Mining by 1.1% in 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 buying an additional 365,115 shares during the period. Geode Capital Management LLC increased its holdings in shares of Coeur Mining by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock valued at $62,937,000 after acquiring an additional 89,863 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after acquiring an additional 665,452 shares in the last quarter. Barclays PLC increased its holdings in shares of Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock valued at $6,624,000 after acquiring an additional 358,097 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Coeur Mining by 14.1% during the third quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock valued at $6,413,000 after acquiring an additional 114,870 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CDE has been the subject of several recent research reports. StockNews.com upgraded 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 decreased their price objective for the company from $8.75 to $8.25 in a report on Friday. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th. Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday. Finally, BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday. They set an "outperform" rating and a $9.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $8.31.

Coeur Mining Stock Down 10.7 %

Coeur Mining stock traded down $0.66 during trading on Friday, hitting $5.45. 35,197,873 shares of the company were exchanged, compared to its average volume of 17,483,238. The business's 50 day moving average is $6.33 and its 200 day moving average is $6.39. Coeur Mining, Inc. has a 52 week low of $2.42 and a 52 week high of $7.72. The company has a market capitalization of $2.17 billion, a P/E ratio of 45.38 and a beta of 1.59. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE - Get Free Report) last announced 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 firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. Analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.