OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $4.58 Million in Coeur Mining, Inc. (NYSE:CDE)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 800,000 shares of the basic materials company's stock, valued at approximately $4,576,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Coeur Mining as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Coeur Mining by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock valued at $232,805,000 after acquiring an additional 3,178,785 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Coeur Mining by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock worth $98,137,000 after buying an additional 282,885 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Coeur Mining by 2.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,871,557 shares of the basic materials company's stock worth $27,865,000 after buying an additional 104,886 shares during the last quarter. Northern Trust Corp boosted its stake in Coeur Mining by 10.4% in the 4th quarter. Northern Trust Corp now owns 3,926,815 shares of the basic materials company's stock worth $22,461,000 after buying an additional 369,496 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Coeur Mining in the 4th quarter worth about $21,224,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the firm'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 completion of the sale, the chief accounting officer now owns 122,104 shares in the company, valued at $903,569.60. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.30, for a total value of $442,022.30. Following the sale, the director now owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Coeur Mining Trading Up 0.6%

Shares of Coeur Mining stock traded up $0.05 during trading hours on Friday, reaching $7.46. The stock had a trading volume of 29,403,038 shares, compared to its average volume of 12,292,501. The firm has a 50 day simple moving average of $6.04 and a two-hundred day simple moving average of $6.17. 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 current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.85.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.59% and a net margin of 5.59%. The company's revenue for the quarter was up 69.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

CDE has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target for the company. Raymond James reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Roth Mkm dropped their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average 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.