M.E. Allison & CO. Inc. Buys Shares of 37,200 Coeur Mining, Inc. (NYSE:CDE)

M.E. Allison & CO. Inc. bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,200 shares of the basic materials company's stock, valued at approximately $220,000.

Several other institutional investors also recently bought and sold shares of CDE. City State Bank raised its holdings in Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after buying an additional 2,274 shares in the last quarter. Quarry LP increased its stake in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. increased its stake in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares during the period. DRW Securities LLC bought a new position in shares of Coeur Mining in the fourth quarter worth about $60,000. Finally, ZEGA Investments LLC bought a new position in shares of Coeur Mining in the fourth quarter worth about $64,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Up 0.7%

CDE stock opened at $9.28 on Monday. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $9.69. The company has a market cap of $5.93 billion, a PE ratio of 77.30 and a beta of 1.31. The business's 50-day simple moving average is $7.09 and its 200 day simple moving average is $6.48. 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 released its 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 return on equity of 6.59% and a net margin of 5.59%. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company's revenue for the quarter was up 69.0% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of recent analyst reports. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Roth Mkm dropped their price objective 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. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective on the stock. TD Securities initiated coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective on the stock. Finally, National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Thursday. One 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $8.10.

Insider Buying and Selling

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the sale, the director now directly owns 101,841 shares in the company, valued at $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,061 shares of company stock valued at $667,775 over the last three months. 1.50% of the stock is owned by corporate 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.

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