Amundi Increases Stake in Coeur Mining, Inc. $CDE

Amundi raised its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 165.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,630,806 shares of the basic materials company's stock after acquiring an additional 2,264,142 shares during the period. Amundi owned approximately 0.57% of Coeur Mining worth $19,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CDE. MAI Capital Management bought a new position in Coeur Mining during the 1st quarter valued at about $25,000. Summer Road LLC bought a new position in Coeur Mining during the 1st quarter valued at about $28,000. City State Bank lifted its stake in Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 2,274 shares during the period. State of Wyoming bought a new position in Coeur Mining during the 1st quarter valued at about $52,000. Finally, Banque Cantonale Vaudoise bought a new position in Coeur Mining during the 1st quarter valued at about $53,000. Institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Performance

Coeur Mining stock traded up $0.17 during midday trading on Friday, hitting $15.54. The stock had a trading volume of 12,333,795 shares, compared to its average volume of 13,318,498. The firm's fifty day moving average is $11.19 and its two-hundred day moving average is $8.41. The company has a market capitalization of $9.99 billion, a PE ratio of 42.01 and a beta of 1.19. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $15.75. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $480.65 million during the quarter, compared to analyst estimates of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm's quarterly revenue was up 116.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. On average, research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 8,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the sale, the chief accounting officer directly owned 143,007 shares of the company's stock, valued at approximately $1,661,741.34. This represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Aoife Mcgrath sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the senior vice president directly owned 203,318 shares of the company's stock, valued at $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 516,619 shares of company stock worth $6,626,362 in the last ninety days. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CDE. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Zacks Research upgraded shares of Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. BMO Capital Markets increased their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Roth Capital reiterated a "buy" rating and issued a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 7th. Finally, National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $9.79.

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.