Rhumbline Advisers Has $5.36 Million Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Rhumbline Advisers increased its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 44.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 904,652 shares of the basic materials company's stock after purchasing an additional 279,626 shares during the quarter. Rhumbline Advisers owned 0.14% of Coeur Mining worth $5,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D grew its holdings in shares of Coeur Mining by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after buying an additional 2,323 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Coeur Mining by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock valued at $236,000 after acquiring an additional 2,624 shares in the last quarter. Xponance Inc. lifted its position in shares of Coeur Mining by 10.9% in the fourth quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after purchasing an additional 2,811 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of Coeur Mining by 150.5% during 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. Finally, Bank of New York Mellon Corp grew its position in Coeur Mining by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company's stock valued at $7,143,000 after purchasing an additional 5,541 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining 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 directly owns 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the sale, the chief accounting officer now directly owns 122,104 shares in the company, 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 a total of 90,061 shares of company stock valued at $667,775 in the last three months. Company insiders own 1.56% of the company's stock.

Coeur Mining Stock Performance

Shares of NYSE CDE traded up $0.07 during trading hours on Friday, hitting $9.28. 11,891,248 shares of the stock were exchanged, compared to its average volume of 12,896,146. The firm has a market capitalization of $5.93 billion, a P/E ratio of 77.30 and a beta of 1.30. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $9.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company's 50 day moving average is $7.00 and its 200 day moving average is $6.46.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly 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 return on equity of 6.59% and a net margin of 5.59%. During the same period in the prior year, the company earned ($0.05) EPS. The company's revenue for the quarter was up 69.0% on a year-over-year basis. On average, research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target on the stock. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price for the company. Finally, Raymond James restated an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Coeur Mining has a consensus rating of "Buy" and an average price target of $8.10.

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.