Generali Investments CEE investicni spolecnost a.s. Invests $69,000 in Coeur Mining, Inc. (NYSE:CDE)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,000 shares of the basic materials company’s stock, valued at approximately $69,000.

A number of other hedge funds have also recently added to or reduced their stakes in CDE. JPMorgan Chase & Co. boosted its holdings in Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after purchasing an additional 665,452 shares during the period. Raymond James Financial Inc. acquired a new position in Coeur Mining in the fourth quarter worth $3,738,000. Barclays PLC boosted its holdings in Coeur Mining by 59.2% in the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock worth $6,624,000 after purchasing an additional 358,097 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in Coeur Mining in the fourth quarter worth $1,378,000. Finally, BNP Paribas Financial Markets boosted its holdings in 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 worth $2,137,000 after purchasing an additional 199,919 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.56% of the company’s stock.

Coeur Mining Stock Performance

CDE stock opened at $5.58 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 46.46 and a beta of 1.51. Coeur Mining, Inc. has a 1 year low of $2.98 and a 1 year high of $7.72. The stock’s fifty day moving average is $6.18 and its two-hundred day moving average is $6.37.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. On average, research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CDE. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Roth Mkm decreased their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. BMO Capital Markets began coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price on the stock. Finally, Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coeur Mining currently has an average rating of “Buy” and a consensus target price of $8.31.

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.