Cornercap Investment Counsel Inc. Invests $389,000 in Coeur Mining, Inc. (NYSE:CDE)

Cornercap Investment Counsel Inc. bought a new stake in Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,933 shares of the basic materials company’s stock, valued at approximately $389,000.

Other institutional investors have also bought and sold shares of the company. Pictet Asset Management Holding SA lifted its stake in shares of Coeur Mining by 21.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 63,907 shares of the basic materials company’s stock valued at $366,000 after purchasing an additional 11,161 shares during the period. Norges Bank bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $1,387,000. JPMorgan Chase & Co. grew its position in shares of Coeur Mining by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,710,242 shares of the basic materials company’s stock worth $9,783,000 after buying an additional 291,526 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Coeur Mining in the 4th quarter valued at $4,439,000. Finally, Prudential Financial Inc. lifted its position in shares of Coeur Mining by 577.3% during the 4th quarter. Prudential Financial Inc. now owns 204,846 shares of the basic materials company’s stock valued at $1,172,000 after acquiring an additional 174,600 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CDE. BMO Capital Markets started coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. Roth Mkm decreased their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Cormark upgraded Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. TD Securities started coverage on Coeur Mining in a report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective for the company. Finally, Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $8.75 to $8.25 in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $8.05.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, for a total transaction 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 $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.56% of the company’s stock.

Coeur Mining Trading Down 4.2 %

NYSE CDE opened at $6.08 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $6.39. Coeur Mining, Inc. has a 12 month low of $4.03 and a 12 month high of $7.72. The firm has a market capitalization of $3.88 billion, a P/E ratio of 50.63 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The company had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. On average, analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

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.