2 weeks Ago By Defense World Staff
Wells Fargo & Company MN lifted its stake in Coeur Mining, Inc. (NYSE:CDE – Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC.
The fund owned 369,517 shares of the basic materials company’s stock after acquiring an additional 23,198 shares during the quarter. Wells Fargo & Company MN owned 0.09% of Coeur Mining worth $2,114,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in CDE. GAMMA Investing LLC raised its position in Coeur Mining by 139.8% in the fourth quarter.
GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 3,359 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Coeur Mining in the 4th quarter valued at $57,000. ZEGA Investments LLC acquired a new position in Coeur Mining during the 4th quarter worth about $64,000.
Empowered Funds LLC purchased a new position in Coeur Mining during the 4th quarter valued at about $66,000. Finally, Generali Investments CEE investicni spolecnost a.s.
purchased a new position in Coeur Mining during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.
Insider Activity at Coeur MiningIn other news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated 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 acquisition, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.
50. This trade represents a 1.52 % increase in their ownership of the stock.
The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.56% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast GrowthSeveral analysts have recently issued reports on the stock. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st.
BMO Capital Markets initiated coverage on shares of 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 reduced their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st.
Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.
com, Coeur Mining has a consensus rating of “Buy” and an average target price of $8.10.View Our Latest Stock Report on CDECoeur Mining Price PerformanceCoeur Mining stock opened at $5.
67 on Friday. 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 company has a fifty day simple moving average of $5.
73 and a 200-day simple moving average of $6.21. The stock has a market cap of $3.
62 billion, a P/E ratio of 47.25 and a beta of 1.35.
Coeur Mining, Inc. has a 12-month low of $4.36 and a 12-month high of $7.
72. Coeur Mining (NYSE:CDE – Get Free Report) 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 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 the consensus estimate of $314.32 million. Equities analysts expect that Coeur Mining, Inc.
will post 0.58 EPS for the current fiscal year. Coeur Mining Company Profile (Free Report)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.
Recommended StoriesFive stocks we like better than Coeur Mining3 Grocery Stocks That Are Proving They Are Still Essential Short Sellers Gave Up on These 3 Names RecentlyHow to Invest in Insurance Companies: A Guide 3 Boring Stocks Outperforming the Market This YearHow to Find Undervalued StocksIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
