Tower Research Capital LLC TRC Lowers Stake in Coeur Mining, Inc. (NYSE:CDE)

Tower Research Capital LLC TRC lowered its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 63.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,476 shares of the basic materials company's stock after selling 72,227 shares during the period. Tower Research Capital LLC TRC's holdings in Coeur Mining were worth $237,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tradition Wealth Management LLC acquired a new position in shares of Coeur Mining during the 4th quarter worth $96,000. MetLife Investment Management LLC grew its position in Coeur Mining by 4.0% during the 4th quarter. MetLife Investment Management LLC now owns 233,229 shares of the basic materials company's stock worth $1,334,000 after acquiring an additional 8,949 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $259,000. Dimensional Fund Advisors LP increased its position in Coeur Mining by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock worth $98,137,000 after purchasing an additional 282,885 shares during the period. Finally, First Trust Advisors LP increased its holdings in Coeur Mining by 5,955.9% in the fourth quarter. First Trust Advisors LP now owns 812,272 shares of the basic materials company's stock valued at $4,646,000 after purchasing an additional 798,859 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Shares of CDE stock traded down $0.05 during trading hours on Wednesday, hitting $5.75. 17,514,617 shares of the company's stock were exchanged, compared to its average volume of 11,819,432. The business's 50 day simple moving average is $5.73 and its 200-day simple moving average is $6.16. 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, Inc. has a 12-month low of $4.57 and a 12-month high of $7.72. The company has a market capitalization of $3.67 billion, a PE ratio of 47.88 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (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%. The firm's quarterly revenue was up 69.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. Raymond James restated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on shares of 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, Roth Mkm lowered their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $8.10.

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.