Janus Henderson Group PLC Has $7.56 Million Stake in Coeur Mining, Inc. (NYSE:CDE)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its holdings in Coeur Mining by 59.2% in the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock valued at $6,624,000 after buying an additional 358,097 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock valued at $181,000 after acquiring an additional 1,607 shares during the period. Inspire Investing LLC grew its stake in shares of Coeur Mining by 17.0% in the fourth quarter. Inspire Investing LLC now owns 70,165 shares of the basic materials company's stock worth $401,000 after acquiring an additional 10,197 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Coeur Mining during the fourth quarter worth $432,000. Finally, KBC Group NV increased its position in Coeur Mining by 45.4% during the fourth quarter. KBC Group NV now owns 18,919 shares of the basic materials company's stock worth $108,000 after acquiring an additional 5,908 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Trading Up 1.1%

NYSE CDE traded up $0.09 during trading on Friday, reaching $7.81. 15,814,590 shares of the stock traded hands, compared to its average volume of 12,356,211. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $7.98. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 65.05 and a beta of 1.24. The stock's 50-day moving average price is $6.20 and its 200 day moving average price is $6.23.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. During the same quarter in the previous year, the business earned ($0.05) EPS. The company's revenue was up 69.0% on a year-over-year basis. Analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CDE. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. Raymond James reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. Cormark upgraded Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Roth Mkm lowered their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Coeur Mining currently has a consensus rating of "Buy" and an average price target of $8.10.

Insider Activity at Coeur Mining

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the completion of the transaction, the director now directly owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the transaction, the director now owns 101,841 shares in the company, valued at $797,415.03. This trade represents a 14.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,061 shares of company stock worth $667,775 in the last quarter. Corporate insiders own 1.56% of the company's stock.

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.