First Trust Advisors LP Buys 798,859 Shares of Coeur Mining, Inc. (NYSE:CDE)

First Trust Advisors LP raised its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 5,955.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,272 shares of the basic materials company's stock after buying an additional 798,859 shares during the quarter. First Trust Advisors LP owned about 0.20% of Coeur Mining worth $4,646,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after purchasing an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Coeur Mining in the 4th quarter worth $57,000. DRW Securities LLC acquired a new stake in Coeur Mining in the 4th quarter worth approximately $60,000. ZEGA Investments LLC acquired a new position in shares of Coeur Mining in the 4th quarter valued at $64,000. Finally, Empowered Funds LLC acquired a new stake in shares of Coeur Mining during the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CDE. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective on the stock. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities assumed 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. Raymond James restated an "outperform" rating and issued a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Finally, TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $8.10.

Insider Activity

In other news, CFO Thomas S. Whelan bought 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Coeur Mining Stock Performance

CDE stock traded down $0.05 during midday trading on Wednesday, hitting $5.75. The stock had a trading volume of 17,514,617 shares, compared to its average volume of 11,819,436. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The stock has a 50-day simple moving average of $5.75 and a 200 day simple moving average of $6.16. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 47.88 and a beta of 1.24. Coeur Mining, Inc. has a 52 week low of $4.57 and a 52 week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted ($0.05) earnings per share. The business's quarterly revenue was up 69.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current 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.