Northern Trust Corp Purchases 369,496 Shares of Coeur Mining, Inc. (NYSE:CDE)

Northern Trust Corp boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,926,815 shares of the basic materials company's stock after purchasing an additional 369,496 shares during the quarter. Northern Trust Corp owned about 0.98% of Coeur Mining worth $22,461,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CDE. Vanguard Group Inc. lifted its position in shares of Coeur Mining by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after acquiring an additional 3,178,785 shares during the period. Marshall Wace LLP raised its holdings in shares of Coeur Mining by 12,934.3% in the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after buying an additional 2,948,880 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Coeur Mining by 253.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock worth $8,419,000 after buying an additional 1,055,084 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Coeur Mining by 660.2% in the 4th quarter. Jump Financial LLC now owns 1,112,655 shares of the basic materials company's stock worth $6,364,000 after buying an additional 966,298 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Coeur Mining by 182.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 1,430,660 shares of the basic materials company's stock worth $8,183,000 after buying an additional 923,283 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the business's 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 owns 122,104 shares of the company's stock, valued at $903,569.60. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company's stock.

Coeur Mining Trading Up 0.6%

Shares of NYSE CDE traded up $0.05 during midday trading on Friday, hitting $7.46. The stock had a trading volume of 29,403,038 shares, compared to its average volume of 12,292,501. The company's 50-day simple moving average is $6.04 and its 200 day simple moving average is $6.17. The firm has a market cap of $4.77 billion, a P/E ratio of 62.14 and a beta of 1.24. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $7.85. 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 (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. Coeur Mining's quarterly revenue was up 69.0% compared to the same quarter last year. During the same period last year, the company posted ($0.05) EPS. Research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

CDE has been the subject of a number of recent research reports. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Roth Mkm dropped their price target on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. TD Cowen raised Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. TD Securities started coverage on Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target for the company. Finally, BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $8.10.

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.