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

Northern Trust Corp grew its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 0.98% of Coeur Mining worth $22,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. raised its holdings in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after buying an additional 4,903 shares during the last quarter. Tudor Investment Corp ET AL increased its position in 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 valued at $8,183,000 after acquiring an additional 923,283 shares during the period. Quarry LP raised its stake in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 5,968 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Coeur Mining by 2,354.3% during the fourth quarter. Aquatic Capital Management LLC now owns 878,653 shares of the basic materials company's stock worth $5,026,000 after purchasing an additional 842,853 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Coeur Mining by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 366,943 shares of the basic materials company's stock worth $2,099,000 after purchasing an additional 12,011 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Trading Up 0.6%

Shares of NYSE:CDE traded up $0.05 during midday trading on Friday, reaching $7.46. The company's stock had a trading volume of 29,403,038 shares, compared to its average volume of 12,275,367. The firm has a 50 day moving average price of $6.00 and a two-hundred day moving average price of $6.17. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $7.85. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 62.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83.

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 analysts' consensus estimates 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 quarter in the previous year, the business posted ($0.05) EPS. Coeur Mining's revenue for the quarter was up 69.0% compared to the same quarter last year. As a group, analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. This trade represents a 1.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the sale, the chief accounting officer now owns 122,104 shares of the company's stock, valued at approximately $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

CDE has been the subject of a number of recent research reports. Raymond James restated an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Roth Mkm reduced their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, TD Securities assumed 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. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.