BNP Paribas Financial Markets Lowers Position in Coeur Mining, Inc. (NYSE:CDE)

BNP Paribas Financial Markets decreased its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 80.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,947 shares of the basic materials company's stock after selling 249,630 shares during the quarter. BNP Paribas Financial Markets' holdings in Coeur Mining were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDE. Quarry LP boosted its holdings in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 5,968 shares during the last quarter. Optiver Holding B.V. boosted its holdings in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 4,903 shares during the last quarter. ZEGA Investments LLC purchased a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $64,000. DRW Securities LLC purchased a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $60,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $65,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Trading Down 1.4%

Shares of Coeur Mining stock traded down $0.12 during trading on Friday, hitting $8.03. 7,613,756 shares of the company were exchanged, compared to its average volume of 12,465,620. The firm has a market capitalization of $5.13 billion, a P/E ratio of 66.96 and a beta of 1.24. Coeur Mining, Inc. has a 1-year low of $4.57 and a 1-year high of $8.46. The firm's fifty day moving average price is $6.34 and its 200 day moving average price is $6.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the company posted ($0.05) EPS. The company's revenue for the quarter was up 69.0% on a year-over-year basis. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Roth Mkm lowered their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James reiterated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. Finally, Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $8.10.

Insider Transactions at Coeur Mining

In other Coeur Mining news, Director Eduardo Luna sold 17,160 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the sale, the director now owns 101,841 shares of the company's stock, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the sale, the chief accounting officer now 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. In the last three months, insiders have sold 90,061 shares of company stock valued at $667,775. 1.50% of the stock is owned by corporate insiders.

Coeur Mining Company 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.