Bank of New York Mellon Corp Purchases 5,541 Shares of Coeur Mining, Inc. (NYSE:CDE)

Bank of New York Mellon Corp raised its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,248,706 shares of the basic materials company’s stock after acquiring an additional 5,541 shares during the period. Bank of New York Mellon Corp owned approximately 0.31% of Coeur Mining worth $7,143,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CDE. JPMorgan Chase & Co. boosted its holdings in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after acquiring an additional 665,452 shares during the period. Barclays PLC boosted its stake in shares of Coeur Mining by 59.2% in the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock valued at $6,624,000 after buying an additional 358,097 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of 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 valued at $2,137,000 after buying an additional 199,919 shares during the period. XTX Topco Ltd bought a new stake in shares of Coeur Mining in the third quarter valued at approximately $1,311,000. Finally, FMR LLC boosted its stake in shares of Coeur Mining by 1,011.0% in the third quarter. FMR LLC now owns 137,504 shares of the basic materials company’s stock valued at $946,000 after buying an additional 125,127 shares during the period. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

CDE has been the subject of several recent research reports. BMO Capital Markets initiated 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. Roth Mkm cut their price target on 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 upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Finally, TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $8.05.

Coeur Mining Stock Up 1.8 %

Shares of NYSE:CDE opened at $6.05 on Friday. The company has a fifty day moving average of $6.16 and a 200-day moving average of $6.34. The company has a market capitalization of $3.86 billion, a PE ratio of 50.38 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. Coeur Mining, Inc. has a 52-week low of $2.98 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) 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, equities analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the transaction, 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. Company insiders own 1.56% of the company’s stock.

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.