Charles Schwab Investment Management Inc. Sells 162,287 Shares of Coeur Mining, Inc. (NYSE:CDE)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,430,807 shares of the basic materials company’s stock after selling 162,287 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.11% of Coeur Mining worth $25,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Coeur Mining by 139.8% during the 4th 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 during the period. FNY Investment Advisers LLC bought a new stake in Coeur Mining in the 4th quarter valued at $57,000. Empowered Funds LLC bought a new stake in Coeur Mining in the 4th quarter valued at $66,000. Proficio Capital Partners LLC bought a new stake in Coeur Mining in the 4th quarter valued at $92,000. Finally, Virtu Financial LLC bought a new stake in Coeur Mining in the 3rd quarter valued at $119,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CDE shares. TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price target for the company. Roth Mkm reduced 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. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Finally, Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $8.05.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.56% of the stock is owned by insiders.

Coeur Mining Price Performance

Coeur Mining stock opened at $6.55 on Wednesday. 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. The stock has a market capitalization of $4.18 billion, a P/E ratio of 54.55 and a beta of 1.51. The stock has a fifty day moving average of $6.17 and a 200-day moving average of $6.35.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 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.