ProShare Advisors LLC Acquires 36,611 Shares of Coeur Mining, Inc. (NYSE:CDE)

ProShare Advisors LLC increased its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 111,272 shares of the basic materials company's stock after acquiring an additional 36,611 shares during the quarter. ProShare Advisors LLC's holdings in Coeur Mining were worth $636,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP boosted its position in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. increased its holdings in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares during the period. DRW Securities LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth $60,000. ZEGA Investments LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth $64,000. Finally, Freestone Grove Partners LP bought a new stake in Coeur Mining during the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Trading Down 1.4%

Shares of CDE traded down $0.12 during mid-day trading on Friday, reaching $8.03. The company's stock had a trading volume of 3,081,738 shares, compared to its average volume of 12,447,907. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 52 week low of $4.57 and a 52 week high of $8.46. The company's fifty day moving average price is $6.34 and its two-hundred day moving average price is $6.27. The stock has a market cap of $5.13 billion, a PE ratio of 66.95 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same quarter last year, the business posted ($0.05) EPS. The company's quarterly revenue was up 69.0% compared to the same quarter last year. On average, analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on CDE shares. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective for the company. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Coeur Mining currently has an average rating of "Buy" and a consensus target price of $8.10.

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.