Coeur Mining, Inc. (NYSE:CDE) Stock Holdings Lessened by NFJ Investment Group LLC

NFJ Investment Group LLC lessened its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 456,285 shares of the basic materials company’s stock after selling 5,588 shares during the period. NFJ Investment Group LLC owned about 0.11% of Coeur Mining worth $2,610,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CDE. JPMorgan Chase & Co. raised its position 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 worth $9,761,000 after purchasing an additional 665,452 shares during the period. US Bancorp DE raised its holdings in Coeur Mining by 595.5% during the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock worth $503,000 after buying an additional 75,314 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Coeur Mining during the fourth quarter valued at about $267,000. Geode Capital Management LLC boosted its holdings in shares of Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after buying an additional 89,863 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Coeur Mining in the fourth quarter worth approximately $183,000. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.56% of the company’s stock.

Coeur Mining Stock Up 2.6 %

Shares of Coeur Mining stock opened at $6.26 on Thursday. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 52.17 and a beta of 1.35. The stock has a 50-day simple moving average of $5.87 and a 200-day simple moving average of $6.25. Coeur Mining, Inc. has a 52-week low of $4.03 and a 52-week 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.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company 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%. On average, equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of recent analyst reports. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price target on the stock. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, TD Securities started coverage on Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price on the stock. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.