National Bank of Canada FI increased its stake in Coeur Mining, Inc. (NYSE:CDE – Free Report) up 25.1% during the first quarter, according to the most recent 13F filing with the SEC. The institutional investor owned 622,650 shares of the basic materials company’s stock after acquiring an additional 124,966 shares during the period. National Bank of Canada FI owned 0.19% of Coeur Mining worth $2,484,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their holdings in the company. Verition Fund Management LLC purchased a new position in Coeur Mining stock valued at approximately $36,000 in the third quarter. Point72 Middle East FZE purchased a new equity position in Coeur Mining worth approximately $36,000 in Q4. CI Private Wealth LLC purchased a new position in Coeur Mining worth approximately $39,000 in Q4. Townsquare Capital LLC purchased a new position in Coeur Mining worth approximately $45,000 in the fourth quarter. Finally, Destiny Wealth Partners LLC increased its position in Coeur Mining by 4,672.8% in the 4th quarter. Destiny Wealth Partners LLC now owns 14,414 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 14,112 shares during the period. 62.60% of the shares are held by institutional investors.
Coeur Mining Shares Performance
CDE opened Friday at $2.87. The stock has a market cap of $954.16 million, a PE ratio of -7.16 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. Coeur Mining, Inc. has a 1-year low of $2.54 and a 1-year high of $4.55. The stock’s 50-day simple moving average is $3.21 and its 200-day simple moving average is $3.44.
Coeur Mining (NYSE:CDE – Free Report) last reported its quarterly results on Wednesday, May 10. The basic materials company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The company had revenue of $187.30 million during the quarter, compared to analyst estimates of $175.13 million. Coeur Mining had a negative net margin of 14.08% and a negative return on equity of 12.34%. Sell-side analysts predict that Coeur Mining, Inc. -0.14 EPS will book for the current year.
Changes in analyst ratings
Several research analysts have commented on CDE stock. National Bank Financial began reporting on Coeur Mining in an investigative report on Tuesday. They issued an “outperform” rating and a $4.25 price target for the stock. StockNews.com began coverage of Coeur Mining in an investigative report on Thursday, May 18. They gave the stock a sell rating. Raymond James lowered his price target on Coeur Mining from $4.25 to $4.00 and set a “market performance” rating for the stock in a research report on Tuesday, May 16. Finally, National Bankshares set a $4.25 price target for Coeur Mining and gave the company an “outperform” rating in a research report on Wednesday. One equity research analyst has rated the stock with a sell rating, five have rated the stock a hold rating, and two have rated the stock a buy rating. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.79.
Insider activity at Coeur Mining
In related news, COO Michael Routledge bought 8,000 shares of the company in a transaction that took place Wednesday, May 24. The shares were acquired at an average price of $3.16 per share for an aggregate value of $25,280.00. Following the purchase, the chief operating officer now directly owns 301,782 shares of stock in the company, valued at $953,631.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 16,600 company shares worth $51,080 in the past 90 days. 1.74% of the shares are held by corporate insiders.
About Coeur mining
Coeur Mining, Inc. searches for precious metals in the United States, Canada and Mexico. It mainly investigates properties of gold, silver, zinc and lead. The company has 100% interests in the Palmarejo gold and silver mine with an area of approximately 67,279 net hectares located in the state of Chihuahua in northern Mexico; the Rochester silver and gold mine covering approximately 43,441 acres in northwestern Nevada; the 3,972 net acre Kensington Gold Mine north of Juneau, Alaska; the Wharf Gold Mine with approximately 3,243 net acres located in the northern Black Hills of western South Dakota; and the 97,298 net acre Silvertip silver-zinc-lead mine located in northern British Columbia, Canada.
Want to see which other hedge funds hold CDE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Coeur Mining, Inc. (NYSE:CDE – free report).
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate reporting. This story has been reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider Coeur Mining, you want to hear this.
MarketBeat tracks Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Coeur Mining was not on the list.
While Coeur Mining currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View the five stocks here
Click the link below and we’ll send you the MarketBeat guide on investing in 5G and which 5G stocks are most promising.
Download this free report