Edmond DE Rothschild Holding S.A. Sells 8,323 Shares of Coeur Mining, Inc. (NYSE:CDE)

Edmond DE Rothschild Holding S.A. decreased its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group raised its stake in shares of Coeur Mining by 22.8% during the fourth quarter. Schroder Investment Management Group now owns 2,989,680 shares of the basic materials company’s stock valued at $16,772,000 after acquiring an additional 555,430 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Coeur Mining by 253.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company’s stock worth $8,419,000 after purchasing an additional 1,055,084 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in Coeur Mining during the 4th quarter valued at $389,000. Pictet Asset Management Holding SA lifted its holdings in shares of Coeur Mining by 21.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 63,907 shares of the basic materials company’s stock worth $366,000 after buying an additional 11,161 shares during the period. Finally, Norges Bank bought a new position in shares of Coeur Mining during the 4th quarter worth $1,387,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

NYSE CDE opened at $5.56 on Wednesday. The firm’s fifty day simple moving average is $6.15 and its two-hundred day simple moving average is $6.38. The firm has a market capitalization of $3.55 billion, a P/E ratio of 46.37 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 12-month low of $4.03 and a 12-month high of $7.72.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares of the company’s stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. TD Securities began coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective on the stock. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price target for the company from $8.75 to $8.25 in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Coeur Mining currently has a consensus rating of “Buy” and a consensus price target of $8.05.

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.