Coeur Mining, Inc. (NYSE:CDE) Holdings Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 51.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,322,714 shares of the basic materials company's stock after purchasing an additional 447,447 shares during the quarter. Janus Henderson Group PLC owned approximately 0.33% of Coeur Mining worth $7,560,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quarry LP grew its position in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. grew its holdings in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares in the last quarter. DRW Securities LLC acquired a new position in Coeur Mining during the 4th quarter worth $60,000. ZEGA Investments LLC bought a new stake in shares of Coeur Mining in the 4th quarter worth about $64,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Coeur Mining in the 4th quarter valued at about $65,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

CDE stock traded up $0.38 during midday trading on Tuesday, reaching $7.83. The company had a trading volume of 11,857,729 shares, compared to its average volume of 12,278,988. The firm has a market capitalization of $5.01 billion, a PE ratio of 65.26 and a beta of 1.24. The stock has a 50 day moving average price of $6.07 and a 200 day moving average price of $6.18. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $7.88. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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, 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%. The business's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CDE has been the topic of several research analyst reports. Roth Mkm reduced their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research report on Friday, February 21st. TD Cowen raised Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Finally, TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target on the stock. One analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $8.10.

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the sale, the chief accounting officer now directly owns 122,104 shares in the company, valued at approximately $903,569.60. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

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.