Mirae Asset Global Investments Co. Ltd. Acquires 1,702,840 Shares of Coeur Mining, Inc. (NYSE:CDE)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,457,720 shares of the basic materials company's stock after buying an additional 1,702,840 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 2.47% of Coeur Mining worth $30,832,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CDE. Raymond James & Associates lifted its stake in Coeur Mining by 6.4% in the 1st quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company's stock worth $225,000 after acquiring an additional 3,050 shares in the last quarter. American International Group Inc. lifted its stake in Coeur Mining by 2.6% in the 2nd quarter. American International Group Inc. now owns 130,408 shares of the basic materials company's stock worth $396,000 after acquiring an additional 3,343 shares in the last quarter. Arizona State Retirement System lifted its stake in Coeur Mining by 4.1% in the 4th quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company's stock worth $322,000 after acquiring an additional 3,899 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Coeur Mining by 1.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company's stock worth $806,000 after acquiring an additional 4,175 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Coeur Mining by 25.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 22,225 shares of the basic materials company's stock worth $76,000 after acquiring an additional 4,487 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. Raymond James raised their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $3.82.

Coeur Mining Stock Down 2.9 %

Shares of NYSE CDE traded down $0.14 during mid-day trading on Monday, reaching $4.73. 13,892,541 shares of the company traded hands, compared to its average volume of 7,110,262. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The stock has a market cap of $1.84 billion, a PE ratio of -15.26 and a beta of 1.82. The company's fifty day moving average is $3.09 and its two-hundred day moving average is $2.85. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $5.07.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $262.10 million during the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. On average, analysts expect that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.

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.