Nuveen Asset Management LLC Has $23.32 Million Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Nuveen Asset Management LLC boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 48.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,077,705 shares of the basic materials company's stock after buying an additional 1,327,622 shares during the period. Nuveen Asset Management LLC owned about 1.02% of Coeur Mining worth $23,324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Coeur Mining during the 4th quarter worth about $4,576,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Coeur Mining during the 4th quarter worth about $21,224,000. Janus Henderson Group PLC lifted its holdings in shares of Coeur Mining by 51.1% during the fourth quarter. Janus Henderson Group PLC now owns 1,322,714 shares of the basic materials company's stock valued at $7,560,000 after acquiring an additional 447,447 shares during the period. Gotham Asset Management LLC increased its position in shares of Coeur Mining by 119.8% during the 4th quarter. Gotham Asset Management LLC now owns 76,637 shares of the basic materials company's stock worth $438,000 after purchasing an additional 41,778 shares in the last quarter. Finally, Graham Capital Management L.P. increased its position in shares of Coeur Mining by 16.0% during the 4th quarter. Graham Capital Management L.P. now owns 355,176 shares of the basic materials company's stock worth $2,032,000 after purchasing an additional 49,043 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Coeur Mining Trading Down 2.5%

Shares of NYSE CDE traded down $0.21 during mid-day trading on Thursday, hitting $8.22. The company's stock had a trading volume of 4,531,633 shares, compared to its average volume of 18,394,258. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 68.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $8.46. The company's fifty day simple moving average is $6.30 and its 200-day simple moving average is $6.26.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CDE shares. BMO Capital Markets started coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price for the company. TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Roth Mkm lowered their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $8.10.

Insider Buying and Selling

In related news, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the transaction, the director now owns 188,362 shares of the company's stock, valued at $1,375,042.60. This trade represents a 24.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 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 now directly owns 122,104 shares in the company, valued at $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 in the last 90 days. 1.50% of the stock is owned by insiders.

About Coeur Mining

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.