Zurcher Kantonalbank Zurich Cantonalbank Buys 76,787 Shares of Coeur Mining, Inc. (NYSE:CDE)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 66.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,569 shares of the basic materials company's stock after buying an additional 76,787 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Coeur Mining were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP increased its stake in Coeur Mining by 404.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock valued at $29,110,000 after acquiring an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Coeur Mining in the 4th quarter worth about $21,224,000. Marshall Wace LLP increased its position in shares of Coeur Mining by 12,934.3% during the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock valued at $16,998,000 after purchasing an additional 2,948,880 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Coeur Mining by 57.8% during the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after purchasing an additional 2,641,310 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Coeur Mining during the 1st quarter valued at about $10,445,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Trading Up 3.3%

NYSE:CDE traded up $0.38 during midday trading on Friday, reaching $11.66. 9,630,439 shares of the stock traded hands, compared to its average volume of 16,620,934. The stock has a market capitalization of $7.46 billion, a P/E ratio of 31.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93. The company has a fifty day moving average of $9.17 and a 200 day moving average of $7.26. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $11.69.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. The firm had revenue of $480.65 million for the quarter, compared to analysts' expectations of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 16.94%. The company's revenue for the quarter was up 116.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) earnings per share. On average, research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, Director Eduardo Luna sold 17,160 shares of Coeur Mining 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 sale, the director owned 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BMO Capital Markets upped their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Thursday. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Roth Capital reaffirmed a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a report on Thursday. Finally, National Bankshares set a $12.00 price target on shares of Coeur Mining in a research note on Friday, June 13th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $9.79.

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.