Rhumbline Advisers Has $3.58 Million Holdings in Coeur Mining, Inc. (NYSE:CDE)

Rhumbline Advisers raised its position in Coeur Mining, Inc. (NYSE:CDE) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 625,026 shares of the basic materials company’s stock after purchasing an additional 5,328 shares during the period. Rhumbline Advisers owned 0.16% of Coeur Mining worth $3,575,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC boosted its holdings in shares of Coeur Mining by 5.4% during 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. GAMMA Investing LLC boosted its stake in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares in the last quarter. KBC Group NV grew its holdings in Coeur Mining by 45.4% in the fourth quarter. KBC Group NV now owns 18,919 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 5,908 shares during the period. Creative Planning increased its stake in Coeur Mining by 27.7% in the third quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 8,914 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Coeur Mining in the fourth quarter valued at $57,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Up 2.4 %

Shares of NYSE CDE opened at $5.14 on Friday. The firm has a fifty day simple moving average of $6.22 and a two-hundred day simple moving average of $6.39. Coeur Mining, Inc. has a 12 month low of $2.74 and a 12 month high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $2.05 billion, a PE ratio of 42.84 and a beta of 1.59.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $314.32 million. Equities analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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 research note on Friday, February 21st. Roth Mkm lowered their price objective 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. BMO Capital Markets assumed coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $8.31.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought 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 $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.56% of the company’s stock.

About Coeur Mining

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.