Rhumbline Advisers Buys 279,626 Shares of Coeur Mining, Inc. (NYSE:CDE)

Rhumbline Advisers grew its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 44.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 904,652 shares of the basic materials company's stock after purchasing an additional 279,626 shares during the period. Rhumbline Advisers owned approximately 0.14% of Coeur Mining worth $5,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CDE. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $192,000. Empowered Funds LLC bought a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $66,000. Savant Capital LLC bought a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $255,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $183,000. Finally, Mainsail Asset Management LLC bought a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $315,000. Institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

CDE stock traded down $0.12 during midday trading on Monday, reaching $9.14. The company had a trading volume of 11,771,820 shares, compared to its average volume of 12,938,182. 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 1 year low of $4.57 and a 1 year high of $9.69. The company has a market capitalization of $5.85 billion, a P/E ratio of 76.19 and a beta of 1.31. The firm has a 50-day moving average price of $7.17 and a 200-day moving average price of $6.49.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted ($0.05) earnings per share. The company's quarterly revenue 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 fiscal year.

Insiders Place Their Bets

In other news, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 101,841 shares of the company's stock, valued at approximately $797,415.03. This represents a 14.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at $903,569.60. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,061 shares of company stock valued at $667,775 in the last quarter. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CDE. National Bankshares set a $12.00 target price on shares of Coeur Mining in a report on Friday. BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. Raymond James reaffirmed an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Finally, TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. One investment 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 MarketBeat.com, Coeur Mining currently has an average rating of "Buy" and an average target price of $8.75.

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.