Coeur Mining, Inc. (NYSE:CDE) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 150.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 215,707 shares of the basic materials company's stock after buying an additional 129,574 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Coeur Mining were worth $1,277,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CDE. Private Advisor Group LLC purchased a new position in Coeur Mining during the 4th quarter worth $243,000. Bank of New York Mellon Corp raised its position in Coeur Mining by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company's stock worth $7,143,000 after buying an additional 5,541 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Coeur Mining during the 4th quarter worth $92,000. US Bancorp DE increased its holdings in shares of Coeur Mining by 595.5% in the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company's stock valued at $503,000 after purchasing an additional 75,314 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Coeur Mining in the 4th quarter valued at about $159,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

NYSE CDE traded up $0.10 during trading hours on Friday, reaching $9.08. The company's stock had a trading volume of 5,647,539 shares, compared to its average volume of 13,201,369. The stock has a market cap of $5.81 billion, a PE ratio of 34.91 and a beta of 1.32. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $9.69. The company's 50-day moving average is $8.05 and its two-hundred day moving average is $6.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data 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 10.11% and a return on equity of 9.96%. The business's quarterly revenue was up 69.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. Analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Activity at Coeur Mining

In other Coeur Mining news, Director Eduardo Luna sold 17,160 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the sale, the director directly owned 101,841 shares of the company's stock, valued at $797,415.03. This trade represents a 14.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction dated 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 directly owned 188,362 shares in the company, valued at $1,375,042.60. This represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,061 shares of company stock valued at $667,775. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CDE. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. TD Securities began coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target for the company. Roth Capital reiterated a "buy" rating and issued a $12.00 price target (up previously from $10.00) on shares of Coeur Mining in a report on Tuesday. Finally, National Bankshares set a $12.00 price target on shares of Coeur Mining in a report on Friday, June 13th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $9.21.

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.