DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 696,752 Shares of Coeur Mining, Inc. (NYSE:CDE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 500,000 shares of the basic materials company's stock after selling 696,752 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.13% of Coeur Mining worth $2,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EP Wealth Advisors LLC purchased a new stake in shares of Coeur Mining in the 4th quarter worth $117,000. Corton Capital Inc. purchased a new stake in shares of Coeur Mining in the 4th quarter worth $88,000. Cubist Systematic Strategies LLC increased its stake in shares of Coeur Mining by 128.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 1,734,685 shares of the basic materials company's stock worth $9,922,000 after purchasing an additional 975,473 shares in the last quarter. Caption Management LLC purchased a new stake in shares of Coeur Mining in the 4th quarter worth $114,000. Finally, Brevan Howard Capital Management LP increased its stake in shares of Coeur Mining by 502.9% in the 4th quarter. Brevan Howard Capital Management LP now owns 177,282 shares of the basic materials company's stock worth $1,014,000 after purchasing an additional 147,878 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the company'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 acquisition, the chief financial officer now directly owns 668,450 shares of the company's stock, 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 filing with the SEC, which is available through this link. Also, Director Pierre Beaudoin sold 60,551 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the transaction, the director now directly owns 188,362 shares of the company's stock, valued at $1,375,042.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

CDE has been the subject of several analyst reports. Roth Mkm reduced 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. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Cormark upgraded Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Raymond James reiterated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Finally, TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. One 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 data from MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and an average target price of $8.10.

Coeur Mining Price Performance

CDE stock traded up $0.07 during trading on Friday, reaching $7.48. The company's stock had a trading volume of 8,901,335 shares, compared to its average volume of 12,195,118. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.85. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.78 billion, a P/E ratio of 62.38 and a beta of 1.24. The company's fifty day moving average is $6.00 and its 200-day moving average is $6.17.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, beating 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 posted ($0.05) earnings per share. Coeur Mining's revenue was up 69.0% compared to the same quarter last year. On average, research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal 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.