Vanguard Group Inc. Purchases 3,178,785 Shares of Coeur Mining, Inc. (NYSE:CDE)

Vanguard Group Inc. lifted its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,700,218 shares of the basic materials company's stock after buying an additional 3,178,785 shares during the period. Vanguard Group Inc. owned about 10.19% of Coeur Mining worth $232,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock worth $9,761,000 after acquiring an additional 665,452 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Coeur Mining in the fourth quarter worth approximately $3,738,000. Barclays PLC boosted 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 worth $6,624,000 after purchasing an additional 358,097 shares during the period. Quantbot Technologies LP purchased a new position in Coeur Mining during the fourth quarter valued at approximately $2,003,000. Finally, Jackson Creek Investment Advisors LLC acquired a new position in Coeur Mining in the 4th quarter valued at approximately $1,378,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Stock Performance

NYSE:CDE traded down $0.11 during midday trading on Thursday, reaching $5.48. The stock had a trading volume of 24,174,260 shares, compared to its average volume of 11,326,766. The stock has a market capitalization of $3.50 billion, a P/E ratio of 45.63 and a beta of 1.35. Coeur Mining, Inc. has a 1-year low of $4.03 and a 1-year high of $7.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The firm's fifty day simple moving average is $5.94 and its 200-day simple moving average is $6.28.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (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 company had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.32 million. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CDE shares. Roth Mkm lowered their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target for the company. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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.