National Bank of Canada FI Increases Position in Coeur Mining, Inc. (NYSE:CDE)

National Bank of Canada FI increased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 836,987 shares of the basic materials company’s stock after acquiring an additional 106,439 shares during the quarter. National Bank of Canada FI’s holdings in Coeur Mining were worth $2,678,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in shares of Coeur Mining by 33.7% during the fourth quarter. Victory Capital Management Inc. now owns 50,847 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 12,813 shares during the last quarter. Van ECK Associates Corp lifted its position in Coeur Mining by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after buying an additional 3,556,959 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Coeur Mining in the 4th quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Coeur Mining by 66.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,425 shares of the basic materials company’s stock valued at $292,000 after buying an additional 35,681 shares during the period. Finally, Wakefield Asset Management LLLP increased its stake in shares of Coeur Mining by 11.7% during the 4th quarter. Wakefield Asset Management LLLP now owns 110,840 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 11,653 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 44,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the transaction, the chief accounting officer now directly owns 140,719 shares of the company’s stock, valued at approximately $683,894.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares of the company’s stock, valued at approximately $683,894.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sebastian Edwards sold 20,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the transaction, the director now directly owns 103,100 shares in the company, valued at approximately $523,748. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CDE. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Raymond James increased their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. Roth Mkm assumed coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target for the company. Roth Capital restated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Finally, BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $4.25 to $5.50 in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus target price of $4.36.

Coeur Mining Trading Down 3.6 %

CDE opened at $5.29 on Monday. The firm has a market capitalization of $2.11 billion, a P/E ratio of -17.06 and a beta of 1.77. The firm’s 50 day moving average is $4.13 and its 200-day moving average is $3.27. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. Coeur Mining, Inc. has a 52-week low of $2.00 and a 52-week high of $5.59.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. Analysts expect that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

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.