Deutsche Bank AG Buys 33,887 Shares of Coeur Mining, Inc. (NYSE:CDE)

Deutsche Bank AG raised its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,551,319 shares of the basic materials company's stock after acquiring an additional 33,887 shares during the quarter. Deutsche Bank AG owned about 0.64% of Coeur Mining worth $14,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CDE. Barclays PLC lifted its position in shares of Coeur Mining by 59.2% during the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after purchasing an additional 358,097 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining in the fourth quarter valued at about $57,000. Contravisory Investment Management Inc. bought a new position in Coeur Mining during the fourth quarter valued at about $267,000. Merit Financial Group LLC grew its holdings in shares of Coeur Mining by 5.4% during 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. Finally, Inspire Investing LLC boosted its stake in Coeur Mining by 17.0% during the fourth quarter. Inspire Investing LLC now owns 70,165 shares of the basic materials company's stock worth $401,000 after buying an additional 10,197 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CDE shares. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target on the stock. Roth Mkm decreased their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James restated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. Finally, Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Coeur Mining currently has an average rating of "Buy" and a consensus price target of $8.10.

Insider Transactions at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the transaction, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at $903,569.60. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Thomas S. Whelan bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.56% of the company's stock.

Coeur Mining Stock Up 0.4%

Shares of CDE stock traded up $0.03 during trading on Wednesday, reaching $7.87. The company's stock had a trading volume of 3,413,413 shares, compared to its average volume of 18,530,514. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 65.62 and a beta of 1.24. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $7.98. The business has a fifty day moving average price of $6.11 and a 200-day moving average price of $6.19. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data 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%. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Coeur Mining's revenue for the quarter was up 69.0% on a year-over-year basis. 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.