Swiss National Bank Has $2.27 Million Position in Coeur Mining, Inc. (NYSE:CDE)

Swiss National Bank trimmed its holdings in Coeur Mining, Inc. (NYSE:CDE) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 696,000 shares of the basic materials company’s stock after selling 35,900 shares during the quarter. Swiss National Bank owned about 0.18% of Coeur Mining worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Coeur Mining by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after buying an additional 3,556,959 shares during the period. Vanguard Group Inc. lifted its position in shares of Coeur Mining by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after acquiring an additional 1,716,929 shares during the period. Jupiter Asset Management Ltd. boosted its stake in Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after acquiring an additional 5,017,119 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after purchasing an additional 1,702,840 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Coeur Mining by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock valued at $9,221,000 after purchasing an additional 274,878 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CDE shares. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Raymond James boosted their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a report on Monday, April 8th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $4.25 to $5.50 in a report on Friday, May 3rd. Roth Mkm began coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target for the company. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and an average target price of $4.36.

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares in the company, valued at $683,894.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Coeur Mining news, CAO Kenneth J. Watkinson sold 44,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,719 shares of the company’s stock, valued at $683,894.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total value of $101,600.00. Following the completion of the sale, the director now owns 103,100 shares in the company, valued at $523,748. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.

Coeur Mining Stock Down 2.3 %

Coeur Mining stock opened at $5.37 on Friday. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $6.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. The firm’s 50-day simple moving average is $4.56 and its 200 day simple moving average is $3.45. The stock has a market cap of $2.14 billion, a PE ratio of -17.31 and a beta of 1.77.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $213.10 million during the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. Coeur Mining’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. Research analysts predict that Coeur Mining, Inc. will post 0.08 EPS 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.