Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 94.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,593 shares of the basic materials company's stock after selling 442,137 shares during the quarter. Mackenzie Financial Corp's holdings in Coeur Mining were worth $146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in shares of Coeur Mining by 595.5% in the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company's stock valued at $503,000 after buying an additional 75,314 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Coeur Mining by 2,203.1% in the fourth quarter. Russell Investments Group Ltd. now owns 232,916 shares of the basic materials company's stock valued at $1,332,000 after acquiring an additional 222,803 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Coeur Mining by 253.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock worth $8,419,000 after purchasing an additional 1,055,084 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Coeur Mining during the fourth quarter worth about $183,000. Finally, Ameriprise Financial Inc. increased its position in shares of Coeur Mining by 2,776.5% during the fourth quarter. Ameriprise Financial Inc. now owns 861,797 shares of the basic materials company's stock worth $4,929,000 after purchasing an additional 831,837 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

NYSE:CDE traded down $0.04 during mid-day trading on Monday, reaching $9.33. The stock had a trading volume of 15,693,168 shares, compared to its average volume of 12,786,275. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $9.69. The business has a 50 day simple moving average of $6.68 and a 200 day simple moving average of $6.38. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 77.79 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted ($0.05) earnings per share. The firm's revenue was up 69.0% compared to the same quarter last year. On average, analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Pierre Beaudoin sold 60,551 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the sale, the director now 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction that occurred on 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 owns 122,104 shares of the company's stock, valued at approximately $903,569.60. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,061 shares of company stock worth $667,775. Corporate insiders own 1.50% 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.