JPMorgan Chase & Co. Buys 291,526 Shares of Coeur Mining, Inc. (NYSE:CDE)

JPMorgan Chase & Co. boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 20.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,710,242 shares of the basic materials company’s stock after acquiring an additional 291,526 shares during the period. JPMorgan Chase & Co.’s holdings in Coeur Mining were worth $9,783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth about $57,000. ZEGA Investments LLC bought a new position in Coeur Mining during the fourth quarter valued at approximately $64,000. Empowered Funds LLC purchased a new position in Coeur Mining during the 4th quarter valued at approximately $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Coeur Mining in the 4th quarter worth approximately $69,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $6.07 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 50.59 and a beta of 1.35. Coeur Mining, Inc. has a 12 month low of $4.03 and a 12 month high of $7.72. The firm’s 50-day moving average is $5.90 and its 200 day moving average is $6.25.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Activity

In related news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction that occurred on 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 purchase, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.56% of the company’s stock.

Wall Street Analyst Weigh In

CDE has been the subject of a number of research reports. Roth Mkm lowered their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. 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 objective for the company. TD Securities assumed coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price on the stock. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Finally, TD Cowen raised Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.