Credit Suisse AG Acquires 26,165 Shares of Coeur Mining, Inc. (NYSE:CDE)

Credit Suisse AG boosted its holdings in Coeur Mining, Inc. (NYSE:CDE – Get Rating) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,421 shares of the basic materials company’s stock after purchasing an additional 26,165 shares during the period. Credit Suisse AG owned about 0.16% of Coeur Mining worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its position in Coeur Mining by 56.5% in the first quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock valued at $123,684,000 after purchasing an additional 10,035,506 shares in the last quarter. Vanguard Group Inc. grew its position in Coeur Mining by 0.7% in the first quarter. Vanguard Group Inc. now owns 22,775,472 shares of the basic materials company’s stock valued at $101,351,000 after purchasing an additional 152,237 shares in the last quarter. BlackRock Inc. grew its position in Coeur Mining by 3.2% in the first quarter. BlackRock Inc. now owns 21,720,736 shares of the basic materials company’s stock valued at $96,658,000 after purchasing an additional 670,133 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Coeur Mining by 15.0% in the first quarter. Dimensional Fund Advisors LP now owns 8,632,842 shares of the basic materials company’s stock valued at $38,416,000 after purchasing an additional 1,128,839 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Coeur Mining in the third quarter valued at $12,013,000. Institutional investors own 64.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Randy Gress bought 20,000 shares of Coeur Mining stock in a transaction that occurred on Friday, February 24th. The stock was acquired at an average price of $2.93 per share, with a total value of $58,600.00. Following the acquisition, the director now owns 205,213 shares of the company’s stock, valued at approximately $601,274.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.61% of the stock is currently owned by insiders.

Coeur Mining Stock Performance

Shares of CDE stock opened at $2.95 on Wednesday. The company has a market capitalization of $872.14 million, a price-to-earnings ratio of -10.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.37. The company has a 50-day simple moving average of $3.55 and a 200 day simple moving average of $3.42. Coeur Mining, Inc. has a 52 week low of $2.54 and a 52 week high of $5.39.

Coeur Mining (NYSE:CDE – Get Rating) last announced its earnings results on Wednesday, February 22nd. The basic materials company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $210.12 million during the quarter, compared to the consensus estimate of $204.82 million. Coeur Mining had a negative net margin of 9.95% and a negative return on equity of 10.28%. Coeur Mining’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, sell-side analysts predict that Coeur Mining, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CDE. Raymond James lifted their price objective on shares of Coeur Mining from $4.00 to $4.25 and gave the company a “market perform” rating in a research report on Tuesday, January 31st. Canaccord Genuity Group raised shares of Coeur Mining from a “sell” rating to a “hold” rating and lifted their price objective for the company from $3.00 to $4.00 in a research report on Thursday, January 19th. Cormark decreased their price objective on shares of Coeur Mining to $3.00 in a research report on Wednesday, November 16th. Finally, BMO Capital Markets decreased their price objective on shares of Coeur Mining from $3.75 to $3.50 and set a “market perform” rating for the company in a research report on Friday, December 16th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.65.

Coeur Mining Company Profile

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Coeur Mining, Inc engages in the exploration and development of silver and gold mining properties and mines located in United States, Canada and Mexico. The company operates through the following segments: Palmarejo, Rochester, Kensington, Wharf, and Silvertip. Coeur Mining was founded in 1928 and is headquartered in Chicago, IL.