Rhumbline Advisers Grows Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Rhumbline Advisers boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 44.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 904,652 shares of the basic materials company’s stock after buying an additional 279,626 shares during the quarter. Rhumbline Advisers’ holdings in Coeur Mining were worth $5,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after buying an additional 3,178,785 shares during the period. Dimensional Fund Advisors LP raised its holdings in Coeur Mining by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company’s stock valued at $98,137,000 after buying an additional 282,885 shares during the period. Tidal Investments LLC grew its position in Coeur Mining by 11.1% in the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company’s stock valued at $76,326,000 after acquiring an additional 1,332,684 shares during the last quarter. Two Sigma Investments LP grew its position in Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after acquiring an additional 2,641,310 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Coeur Mining by 404.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock valued at $29,110,000 after acquiring an additional 4,080,600 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 0.9%

Shares of NYSE CDE opened at $9.23 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock has a market capitalization of $5.90 billion, a P/E ratio of 76.92 and a beta of 1.30. Coeur Mining, Inc. has a 1-year low of $4.57 and a 1-year high of $9.69. The business has a fifty day moving average price of $7.00 and a 200 day moving average price of $6.46.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same period in the previous year, the firm earned ($0.05) earnings per share. The business’s revenue for the quarter was up 69.0% on a year-over-year basis. Equities research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the completion of the sale, the director now directly owns 188,362 shares in the company, valued at approximately $1,375,042.60. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eduardo Luna sold 17,160 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the sale, the director now owns 101,841 shares of the company’s stock, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,061 shares of company stock worth $667,775. 1.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CDE has been the topic of several research analyst reports. TD Securities initiated coverage on Coeur Mining in a research report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price objective on the stock. Roth Mkm cut their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. Raymond James reaffirmed an “outperform” rating and issued a $8.50 price objective on shares of Coeur Mining in a research report on Wednesday, April 2nd. Cormark raised Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets started coverage on Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. One 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $8.10.

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.