Amundi Sells 144,591 Shares of Coeur Mining, Inc. (NYSE:CDE)

Amundi lessened its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,366,664 shares of the basic materials company’s stock after selling 144,591 shares during the quarter. Amundi’s holdings in Coeur Mining were worth $7,817,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CDE. Jennison Associates LLC bought a new position in Coeur Mining during the 3rd quarter valued at $579,000. Intech Investment Management LLC purchased a new position in Coeur Mining during the third quarter worth about $642,000. Landscape Capital Management L.L.C. purchased a new position in Coeur Mining during the third quarter worth about $388,000. Navellier & Associates Inc. purchased a new stake in Coeur Mining in the 3rd quarter valued at about $294,000. Finally, FMR LLC increased its stake in Coeur Mining by 1,011.0% in the 3rd quarter. FMR LLC now owns 137,504 shares of the basic materials company’s stock valued at $946,000 after buying an additional 125,127 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.56% of the company’s stock.

Coeur Mining Price Performance

CDE opened at $6.05 on Friday. The firm has a 50-day moving average price of $6.16 and a 200-day moving average price of $6.34. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 50.38 and a beta of 1.51. Coeur Mining, Inc. has a twelve month low of $2.98 and a twelve month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CDE. TD Securities started coverage on Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price for the company. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $8.75 to $8.25 in a research report on Friday, February 21st. Roth Mkm cut their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $8.05.

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.