Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. lowered its holdings in Coeur Mining, Inc. (NYSE:CDE) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,465 shares of the basic materials company’s stock after selling 4,287 shares during the period. Navellier & Associates Inc.’s holdings in Coeur Mining were worth $220,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Merit Financial Group LLC increased its position in shares of Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Coeur Mining by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock worth $1,803,000 after acquiring an additional 2,323 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Coeur Mining by 31.8% in the third quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 4,586 shares in the last quarter. Finally, CWM LLC increased its position in shares of Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 4,686 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Down 10.7 %

NYSE CDE opened at $5.45 on Monday. Coeur Mining, Inc. has a 12 month low of $2.42 and a 12 month high of $7.72. 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 market capitalization of $2.17 billion, a price-to-earnings ratio of 45.38 and a beta of 1.59. The company’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $6.41.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Raymond James upgraded shares of 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 note on Friday. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price for the company. Finally, Roth Mkm decreased their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research note on Friday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $8.31.

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.