JPMorgan Chase & Co. Buys 1,315,348 Shares of Coeur Mining, Inc. $CDE

JPMorgan Chase & Co. increased its stake in Coeur Mining, Inc. by 84% in Q2, owning 2.88 million shares worth $25.53 million. Other investors like Vanguard and Dimensional Fund Advisors also increased their holdings. Analysts have mixed ratings on Coeur Mining, with a consensus rating of "Moderate Buy" and an average target price of $16.32. The stock opened at $16.18, with a market cap of $10.39 billion.

JPMorgan Chase & Co. increased its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 84.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,881,784 shares of the basic materials company's stock after purchasing an additional 1,315,348 shares during the period. JPMorgan Chase & Co. owned 0.45% of Coeur Mining worth $25,533,000 as of its most recent SEC filing.

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A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock valued at $378,903,000 after buying an additional 23,303,638 shares during the period. Dimensional Fund Advisors LP grew its stake in Coeur Mining by 26.8% during the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company's stock valued at $128,774,000 after acquiring an additional 4,594,097 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coeur Mining by 72.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock worth $106,801,000 after acquiring an additional 7,579,901 shares during the period. Geode Capital Management LLC lifted its stake in Coeur Mining by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company's stock worth $132,732,000 after purchasing an additional 288,626 shares in the last quarter. Finally, Sprott Inc. boosted its holdings in Coeur Mining by 889.3% in the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company's stock valued at $66,963,000 after purchasing an additional 10,180,102 shares during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

CDE opened at $16.18 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $10.39 billion, a P/E ratio of 24.52 and a beta of 1.33. The stock has a 50-day moving average price of $17.45 and a 200-day moving average price of $13.10. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $23.61.

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Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The firm had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The business's quarterly revenue was up 76.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. Equities analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CDE shares. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a report on Thursday, October 30th. TD Securities upped their target price on Coeur Mining from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Coeur Mining in a research report on Monday. BMO Capital Markets upped their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from an "overweight" rating to a "hold" rating and set a $16.00 target price on the stock. in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.32.

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Check Out Our Latest Research Report on CDE

Insider Buying and Selling at Coeur Mining

In other news, CEO Mitchell J. Krebs sold 125,000 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the sale, the chief executive officer owned 2,197,309 shares of the company's stock, valued at approximately $32,190,576.85. This represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.56% of the company's stock.

Coeur Mining Profile

(Free Report)

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.

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