Ameriprise Financial Inc. Increases Stock Holdings in Coeur Mining, Inc. (NYSE:CDE)

Ameriprise Financial Inc. grew its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 2,776.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 861,797 shares of the basic materials company's stock after purchasing an additional 831,837 shares during the period. Ameriprise Financial Inc. owned approximately 0.22% of Coeur Mining worth $4,929,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CDE. Vanguard Group Inc. increased its holdings in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after purchasing an additional 3,178,785 shares during the period. Marshall Wace LLP grew its position in shares of Coeur Mining by 12,934.3% during the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after buying an additional 2,948,880 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Coeur Mining by 253.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock worth $8,419,000 after buying an additional 1,055,084 shares in the last quarter. Jump Financial LLC increased its stake in shares of Coeur Mining by 660.2% during the fourth quarter. Jump Financial LLC now owns 1,112,655 shares of the basic materials company's stock worth $6,364,000 after buying an additional 966,298 shares during the period. Finally, Tudor Investment Corp ET AL raised its holdings in Coeur Mining by 182.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 1,430,660 shares of the basic materials company's stock valued at $8,183,000 after acquiring an additional 923,283 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the 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 transaction, the chief financial officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the completion of the transaction, the director now owns 101,841 shares in the company, valued at approximately $797,415.03. This represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 90,061 shares of company stock valued at $667,775. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of recent research reports. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. TD Securities began coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. Raymond James reiterated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research note on Wednesday, April 2nd. TD Cowen raised Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Cormark upgraded Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One equities research 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 company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $8.10.

Coeur Mining Stock Up 3.6%

Shares of NYSE:CDE traded up $0.28 during trading on Tuesday, hitting $8.09. 17,980,976 shares of the company were exchanged, compared to its average volume of 12,408,910. The firm's 50 day moving average price is $6.22 and its 200-day moving average price is $6.23. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $8.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock has a market capitalization of $5.18 billion, a P/E ratio of 67.42 and a beta of 1.24.

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

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.