Algert Global LLC Trims Stake in Coeur Mining, Inc. (NYSE:CDE)

Algert Global LLC trimmed its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 43.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,836 shares of the basic materials company's stock after selling 68,568 shares during the period. Algert Global LLC's holdings in Coeur Mining were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Merit Financial Group LLC increased its stake in shares of Coeur Mining by 5.4% in the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock worth $181,000 after purchasing an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Coeur Mining by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock worth $1,803,000 after buying an additional 2,323 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Coeur Mining by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock worth $236,000 after buying an additional 2,624 shares during the period. Xponance Inc. boosted its holdings in Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after buying an additional 2,811 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after buying an additional 3,359 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CDE. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective for the company. Finally, TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. One research 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's stock. Based on data from MarketBeat, Coeur Mining has a consensus rating of "Buy" and an average target price of $8.10.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. The trade was a 1.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company's stock.

Coeur Mining Stock Performance

Coeur Mining stock opened at $7.85 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. Coeur Mining, Inc. has a 1-year low of $4.57 and a 1-year high of $7.85. The firm has a market capitalization of $5.02 billion, a P/E ratio of 65.42 and a beta of 1.24. The company's 50-day moving average is $5.84 and its 200 day moving average is $6.14.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. During the same period last year, the company posted ($0.05) EPS. Coeur Mining's quarterly revenue was up 69.0% on a year-over-year basis. Research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS 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.

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