Coeur Mining, Inc. $CDE Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 37.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,500,103 shares of the basic materials company's stock after buying an additional 948,784 shares during the period. Deutsche Bank AG owned approximately 0.55% of Coeur Mining worth $20,721,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CDE. Vanguard Group Inc. lifted its stake in shares of Coeur Mining by 57.3% in the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock worth $378,903,000 after acquiring an additional 23,303,638 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Coeur Mining by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock valued at $98,137,000 after buying an additional 282,885 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Coeur Mining by 11.1% in the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock valued at $76,326,000 after buying an additional 1,332,684 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Coeur Mining by 60.9% in the first quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company's stock valued at $50,564,000 after buying an additional 3,233,383 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Coeur Mining by 57.8% in the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after buying an additional 2,641,310 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 8,000 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.62, for a total transaction of $92,960.00. Following the completion of the sale, the chief accounting officer directly owned 143,007 shares in the company, valued at $1,661,741.34. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director owned 140,000 shares of the company's stock, valued at approximately $1,619,800. This trade represents a 25.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 181,522 shares of company stock valued at $1,882,391 over the last three months. Insiders own 1.50% of the company's stock.

Coeur Mining Trading Up 0.3%

NYSE:CDE traded up $0.04 on Monday, hitting $11.73. 3,380,034 shares of the stock were exchanged, compared to its average volume of 16,674,715. The stock has a market cap of $7.54 billion, a PE ratio of 31.69 and a beta of 1.16. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $9.50 and a 200-day moving average of $7.50. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $11.97.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 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 return on equity of 14.38% and a net margin of 13.06%. The firm's revenue was up 116.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CDE. Zacks Research upgraded Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. BMO Capital Markets lifted their price target on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. National Bankshares set a $12.00 target price on Coeur Mining in a research report on Friday, June 13th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Roth Capital reiterated a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a research report on Thursday, August 7th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $9.79.

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.