12,203 Shares in Coeur Mining, Inc. (NYSE:CDE) Bought by Ballentine Partners LLC

Ballentine Partners LLC purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,203 shares of the basic materials company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position 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 purchasing an additional 3,556,959 shares during the period. Vanguard Group Inc. raised its stake in shares of Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after buying an additional 3,989,352 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after purchasing an additional 84,920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Coeur Mining by 22.0% in the 4th 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 buying an additional 1,702,840 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Coeur Mining by 9.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,561,874 shares of the basic materials company’s stock worth $14,871,000 after acquiring an additional 408,122 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CDE. Raymond James boosted their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. Roth Mkm began coverage on Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. BMO Capital Markets raised Coeur Mining from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Finally, Roth Capital restated a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and an average target price of $4.38.

Insider Buying and Selling

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

Coeur Mining Stock Performance

Coeur Mining stock opened at $5.59 on Friday. The firm’s 50 day simple moving average is $5.34 and its 200 day simple moving average is $3.96. Coeur Mining, Inc. has a 1-year low of $2.00 and a 1-year high of $6.05. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.23 billion, a PE ratio of -18.03 and a beta of 1.76.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The firm had revenue of $213.10 million for the quarter, compared to analysts’ expectations of $203.43 million. During the same quarter in the previous year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts expect that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

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.