U S Global Investors Inc. Trims Holdings in Coeur Mining, Inc. (NYSE:CDE)

U S Global Investors Inc. decreased its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 481,000 shares of the basic materials company's stock after selling 105,000 shares during the quarter. U S Global Investors Inc. owned about 0.12% of Coeur Mining worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew 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 worth $33,000 after purchasing an additional 3,359 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Coeur Mining in the 4th quarter valued at about $57,000. Empowered Funds LLC bought a new stake in Coeur Mining in the 4th quarter valued at about $66,000. Forum Financial Management LP bought a new stake in Coeur Mining in the 3rd quarter valued at about $81,000. Finally, Proficio Capital Partners LLC acquired a new position in Coeur Mining during the 4th quarter worth approximately $92,000. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.56% of the stock is currently owned by insiders.

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Coeur Mining Price Performance

Shares of NYSE CDE traded up $0.04 during midday trading on Tuesday, hitting $5.18. 21,350,300 shares of the company's stock were exchanged, compared to its average volume of 9,877,338. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 43.13 and a beta of 1.59. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 12-month low of $2.74 and a 12-month high of $7.72. The business's fifty day moving average price is $6.21 and its two-hundred day moving average price is $6.39.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CDE shares. 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, February 21st. Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target on the stock. Finally, Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of "Buy" and a consensus price target of $8.31.

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.