Jupiter Asset Management Ltd. Sells 922,835 Shares of Coeur Mining, Inc. (NYSE:CDE)

Jupiter Asset Management Ltd. reduced its stake in Coeur Mining, Inc. (NYSE:CDE) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,307,914 shares of the basic materials company’s stock after selling 922,835 shares during the period. Jupiter Asset Management Ltd.’s holdings in Coeur Mining were worth $30,361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CDE. JPMorgan Chase & Co. raised its stake in Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after buying an additional 665,452 shares in the last quarter. Raymond James Financial Inc. bought a new position in Coeur Mining in the fourth quarter worth about $3,738,000. Barclays PLC raised its stake in Coeur Mining by 59.2% in the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock worth $6,624,000 after buying an additional 358,097 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Coeur Mining in the fourth quarter worth about $1,378,000. Finally, BNP Paribas Financial Markets raised its stake in Coeur Mining by 180.7% in the third quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after buying an additional 199,919 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CDE shares. Roth Mkm decreased their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research note on Friday, February 21st. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday. They set a “buy” rating and a $7.00 target price for the company. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Finally, TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $8.05.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction on 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 purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.56% of the stock is currently owned by insiders.

Coeur Mining Trading Up 4.5 %

Shares of Coeur Mining stock opened at $5.72 on Thursday. The company has a market capitalization of $3.65 billion, a P/E ratio of 47.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The company has a fifty day moving average of $6.16 and a 200 day moving average of $6.35. Coeur Mining, Inc. has a fifty-two week low of $2.98 and a fifty-two week high of $7.72.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share 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, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

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.