Handelsbanken Fonder AB Purchases 86,126 Shares of Coeur Mining, Inc. (NYSE:CDE)

Handelsbanken Fonder AB lifted its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 86.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,326 shares of the basic materials company's stock after buying an additional 86,126 shares during the period. Handelsbanken Fonder AB's holdings in Coeur Mining were worth $1,103,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CDE. Two Sigma Advisers LP boosted its stake in shares of Coeur Mining by 404.6% during 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 purchasing an additional 4,080,600 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $21,224,000. Vanguard Group Inc. raised its stake in shares of Coeur Mining by 8.5% in the fourth 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 boosted its holdings 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 valued at $16,998,000 after acquiring an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Coeur Mining by 57.8% in 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 period. Hedge funds and other institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

CDE has been the topic of a number of recent research reports. Raymond James reaffirmed an "outperform" rating and issued a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. 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 price objective for the company. Finally, TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Coeur Mining presently has an average rating of "Buy" and an average price target of $8.10.

Coeur Mining Trading Up 0.7%

Shares of Coeur Mining stock opened at $9.28 on Friday. Coeur Mining, Inc. has a 1-year low of $4.57 and a 1-year high of $9.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock has a market cap of $5.93 billion, a P/E ratio of 77.30 and a beta of 1.30. The stock's 50 day simple moving average is $7.09 and its 200-day simple moving average is $6.48.

Coeur Mining (NYSE:CDE - Get Free Report) last released 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 return on equity of 6.59% and a net margin of 5.59%. The firm's revenue was up 69.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. Analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 12,350 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at $903,569.60. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the transaction, the director now owns 101,841 shares of the company's stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,061 shares of company stock worth $667,775. Company insiders own 1.56% of the company's stock.

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.

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