Cambridge Investment Research Advisors Inc. Has $1.28 Million Stock Holdings in Coeur Mining, Inc. (NYSE:CDE)

Cambridge Investment Research Advisors Inc. increased its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 150.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,707 shares of the basic materials company's stock after acquiring an additional 129,574 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Coeur Mining were worth $1,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDE. Two Sigma Advisers LP increased its stake in Coeur Mining by 404.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock valued at $29,110,000 after buying an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Coeur Mining during the 4th quarter worth about $21,224,000. Vanguard Group Inc. increased its stake in shares of 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 last quarter. Marshall Wace LLP increased its stake in shares of Coeur Mining by 12,934.3% during the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after purchasing an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Coeur Mining by 57.8% during the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock worth $41,245,000 after purchasing an additional 2,641,310 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coeur Mining

In other news, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction that occurred 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 sale, the director owned 101,841 shares of the company's stock, valued at approximately $797,415.03. This represents a 14.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Pierre Beaudoin sold 60,551 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,375,042.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,061 shares of company stock valued at $667,775. Company insiders own 1.50% of the company's stock.

Coeur Mining Stock Performance

NYSE CDE traded up $0.10 during trading on Friday, reaching $9.08. The company's stock had a trading volume of 5,647,539 shares, compared to its average volume of 13,227,283. The company has a current ratio of 1.93, a quick ratio of 0.62 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 34.91 and a beta of 1.32. Coeur Mining, Inc. has a 12 month low of $4.57 and a 12 month high of $9.69. The firm has a 50 day moving average price of $8.05 and a 200 day moving average price of $6.72.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. National Bankshares set a $12.00 target price on shares of Coeur Mining in a report on Friday, June 13th. TD Securities assumed coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. Raymond James Financial reaffirmed an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Finally, Roth Capital reaffirmed a "buy" rating and set a $12.00 target price (up previously from $10.00) on shares of Coeur Mining in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.