JPMorgan Chase & Co. Boosts Stake in Coeur Mining, Inc. (NYSE:CDE)

JPMorgan Chase & Co. lifted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,710,242 shares of the basic materials company’s stock after buying an additional 291,526 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of Coeur Mining worth $9,783,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Coeur Mining during the fourth quarter valued at approximately $57,000. ZEGA Investments LLC bought a new position in Coeur Mining during the fourth quarter valued at approximately $64,000. Empowered Funds LLC purchased a new stake in Coeur Mining in the fourth quarter worth approximately $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Coeur Mining in the 4th quarter worth approximately $69,000. 63.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the transaction, 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 SEC, which is available through this hyperlink. 1.56% of the stock is currently owned by company insiders.

Coeur Mining Trading Up 2.5 %

Coeur Mining stock opened at $6.07 on Tuesday. Coeur Mining, Inc. has a 12-month low of $4.03 and a 12-month high of $7.72. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 50.59 and a beta of 1.35. The firm has a 50 day moving average of $5.90 and a 200 day moving average of $6.25. 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 (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. As a group, research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Raymond James reissued an “outperform” rating and set a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price on the stock. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price on the stock. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Roth Mkm lowered their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $8.10.

Coeur Mining 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.