First Eagle Investment Management LLC Boosts Stake in Coeur Mining, Inc. (NYSE:CDE)

First Eagle Investment Management LLC boosted its holdings in Coeur Mining, Inc. (NYSE:CDE) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,504,978 shares of the basic materials company’s stock after buying an additional 30,600 shares during the period. First Eagle Investment Management LLC owned 0.63% of Coeur Mining worth $14,328,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Merit Financial Group LLC increased its stake in Coeur Mining by 5.4% in the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock worth $181,000 after buying an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Coeur Mining by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock worth $1,803,000 after buying an additional 2,323 shares in the last quarter. GAMMA Investing LLC increased its stake in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares in the last quarter. Rhumbline Advisers increased its stake in Coeur Mining by 0.9% in the 4th quarter. Rhumbline Advisers now owns 625,026 shares of the basic materials company’s stock worth $3,575,000 after buying an additional 5,328 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Coeur Mining by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company’s stock worth $7,143,000 after buying an additional 5,541 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 1.8 %

Shares of NYSE:CDE opened at $6.05 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. Coeur Mining, Inc. has a 12 month low of $2.98 and a 12 month high of $7.72. The company has a 50-day moving average price of $6.16 and a 200 day moving average price of $6.34. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 50.38 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS 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 firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. As a group, equities research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CDE. BMO Capital Markets began coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. TD Securities initiated coverage on shares of Coeur Mining in a report on Tuesday. They set a “buy” rating and a $7.00 price objective for the company. Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $8.75 to $8.25 in a report on Friday, February 21st. Finally, Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $8.05.

Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.56% of the stock is owned by insiders.

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.