PKO Investment Management Joint Stock Co Makes New $1.09 Million Investment in Coeur Mining, Inc. (NYSE:CDE)

PKO Investment Management Joint Stock Co acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 190,000 shares of the basic materials company's stock, valued at approximately $1,087,000.

Several other large investors have also modified their holdings of CDE. Quarry LP lifted its holdings in shares of Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. lifted its holdings in shares of Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares during the period. DRW Securities LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth about $60,000. ZEGA Investments LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth about $64,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Coeur Mining during the 4th quarter worth about $65,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the sale, the chief accounting officer now owns 122,104 shares of the company's stock, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the sale, the director now directly owns 188,362 shares of the company's stock, valued at $1,375,042.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock worth $667,775 over the last 90 days. Company insiders own 1.50% of the company's stock.

Coeur Mining Stock Down 0.5%

Shares of CDE traded down $0.04 during mid-day trading on Friday, reaching $8.10. 11,653,623 shares of the stock traded hands, compared to its average volume of 12,503,921. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 67.51 and a beta of 1.24. The stock has a fifty day simple moving average of $6.38 and a 200 day simple moving average of $6.29. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $8.46. 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 posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Coeur Mining's revenue was up 69.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CDE shares. Raymond James reiterated an "outperform" rating and set a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. TD Securities initiated coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Finally, TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $8.10.

Coeur Mining 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.