Lbp Am Sa Takes $389,000 Position in Coeur Mining, Inc. (NYSE:CDE)

LBP AM SA acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 65,678 shares of the basic materials company's stock, valued at approximately $389,000.

Other institutional investors and hedge funds have also modified their holdings of the company. City State Bank boosted its position in shares of Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 2,274 shares in the last quarter. Quarry LP lifted its position in shares of Coeur Mining by 853.8% during the 4th 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 during the period. Optiver Holding B.V. lifted its position in shares of 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 buying an additional 4,903 shares during the period. ZEGA Investments LLC bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $64,000. Finally, Total Wealth Planning & Management Inc. bought a new position in shares of Coeur Mining during the 1st quarter worth approximately $61,000. 63.01% of the stock is currently owned by institutional investors.

Insider Activity at Coeur Mining

In other Coeur Mining news, 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 directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $91,390.00. Following the transaction, the chief accounting officer owned 122,104 shares of the company's stock, valued at approximately $903,569.60. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock valued at $667,775 over the last three months. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CDE has been the subject of several analyst reports. Roth Capital restated a "buy" rating and set a $12.00 target price (up previously from $10.00) on shares of Coeur Mining in a research report on Tuesday, July 1st. Raymond James Financial reiterated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. National Bankshares set a $12.00 target price on shares of Coeur Mining in a research report on Friday, June 13th. Finally, National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $9.21.

Coeur Mining Stock Down 0.7%

Shares of Coeur Mining stock traded down $0.07 on Monday, reaching $9.53. 9,583,582 shares of the company were exchanged, compared to its average volume of 13,324,314. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $9.96. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 36.67 and a beta of 1.32. 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 company has a 50-day moving average of $8.42 and a 200 day moving average of $6.85.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. Coeur Mining's quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.