Edmond DE Rothschild Holding S.A. Reduces Stake in Coeur Mining, Inc. (NYSE:CDE)

Edmond DE Rothschild Holding S.A. cut its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 191,360 shares of the basic materials company’s stock after selling 8,323 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Coeur Mining were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC raised its holdings in shares of Coeur Mining by 5.4% during the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 1,607 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Coeur Mining by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock valued at $1,803,000 after buying an additional 2,323 shares during the last quarter. Xponance Inc. raised its stake in shares of Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock valued at $164,000 after buying an additional 2,811 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after buying an additional 3,359 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Coeur Mining by 0.9% in the fourth quarter. Rhumbline Advisers now owns 625,026 shares of the basic materials company’s stock worth $3,575,000 after buying an additional 5,328 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price target on the stock. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $8.75 to $8.25 in a report on Friday, February 21st. Finally, TD Securities began coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $8.05.

Coeur Mining Stock Down 6.0 %

Shares of NYSE CDE opened at $5.56 on Wednesday. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 46.37 and a beta of 1.51. The company’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $6.38. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 52-week low of $4.03 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $314.32 million. Equities analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Transactions at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, for a total transaction 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.