M.E. Allison & CO. Inc. Invests $220,000 in Coeur Mining, Inc. (NYSE:CDE)

M.E. Allison & CO. Inc. bought a new position in Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, Holdings Channel reports. The firm bought 37,200 shares of the basic materials company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE boosted its holdings in shares of Coeur Mining by 595.5% in the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock worth $503,000 after acquiring an additional 75,314 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Coeur Mining by 2,203.1% in the 4th quarter. Russell Investments Group Ltd. now owns 232,916 shares of the basic materials company’s stock worth $1,332,000 after acquiring an additional 222,803 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Coeur Mining by 253.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company’s stock worth $8,419,000 after acquiring an additional 1,055,084 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Coeur Mining in the 4th quarter worth approximately $183,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Coeur Mining by 2,776.5% in the 4th quarter. Ameriprise Financial Inc. now owns 861,797 shares of the basic materials company’s stock worth $4,929,000 after acquiring an additional 831,837 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CDE has been the topic of several recent analyst reports. Raymond James reissued an “outperform” rating and issued a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Thursday. Roth Mkm dropped their price objective 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. Finally, TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Coeur Mining has an average rating of “Buy” and a consensus price target of $8.10.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the sale, the director now owns 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the sale, the chief accounting officer now owns 122,104 shares of the company’s stock, valued at $903,569.60. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,061 shares of company stock worth $667,775. Insiders own 1.50% of the company’s stock.

Coeur Mining Stock Performance

CDE stock opened at $9.28 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company has a 50 day moving average price of $7.09 and a 200 day moving average price of $6.48. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $9.69. The stock has a market capitalization of $5.93 billion, a PE ratio of 77.30 and a beta of 1.31.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm’s quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Analysts forecast that Coeur Mining, Inc. will post 0.58 EPS 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.