Zurcher Kantonalbank Zurich Cantonalbank Has $292,000 Stake in Coeur Mining, Inc. (NYSE:CDE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Coeur Mining, Inc. (NYSE:CDE) by 66.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,425 shares of the basic materials company’s stock after buying an additional 35,681 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coeur Mining were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Coeur Mining by 5.4% in the 3rd quarter. Van ECK Associates Corp now owns 32,722,099 shares of the basic materials company’s stock valued at $72,643,000 after acquiring an additional 1,681,708 shares in the last quarter. Vanguard Group Inc. raised its stake in Coeur Mining by 5.7% in the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after purchasing an additional 1,716,929 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Coeur Mining by 95.9% in the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after purchasing an additional 5,017,119 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after purchasing an additional 1,702,840 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Coeur Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock worth $9,221,000 after buying an additional 274,878 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Roth Mkm started coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 target price for the company. Roth Capital restated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. BMO Capital Markets raised Coeur Mining from a “market perform” rating to an “outperform” rating and raised their target price for the company from $4.25 to $5.50 in a report on Friday. Raymond James lifted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. Finally, National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.36.

Coeur Mining Stock Up 1.9 %

Shares of NYSE CDE opened at $4.88 on Monday. The company’s 50 day moving average price is $3.87 and its 200-day moving average price is $3.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. Coeur Mining, Inc. has a 52-week low of $2.00 and a 52-week high of $5.47. The company has a market capitalization of $1.95 billion, a P/E ratio of -15.74 and a beta of 1.77.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.27%. Coeur Mining’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) earnings per share. Equities analysts forecast that Coeur Mining, Inc. will post -0.04 earnings per share for the current year.

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.