Janus Henderson Group PLC Buys 424,835 Shares of Coeur Mining, Inc. (NYSE:CDE)

Janus Henderson Group PLC boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 18.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,723,185 shares of the basic materials company’s stock after purchasing an additional 424,835 shares during the quarter. Janus Henderson Group PLC’s holdings in Coeur Mining were worth $10,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Coeur Mining by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after purchasing an additional 1,716,929 shares during the period. BNP Paribas Financial Markets raised its holdings in Coeur Mining by 149.1% in the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after acquiring an additional 193,912 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Coeur Mining by 253.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 872,659 shares of the basic materials company’s stock worth $3,290,000 after buying an additional 625,490 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Coeur Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after buying an additional 84,920 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Coeur Mining by 247.7% in the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after buying an additional 80,531 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CDE shares. BMO Capital Markets increased their target price on Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Mkm started coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target on the stock. Finally, Raymond James increased their price target on Coeur Mining from $5.00 to $5.75 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.66.

Insider Transactions at Coeur Mining

In other news, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total value of $101,600.00. Following the transaction, the director now directly owns 103,100 shares in the company, valued at approximately $523,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.56% of the stock is owned by corporate insiders.

Coeur Mining Price Performance

NYSE CDE opened at $5.99 on Friday. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $6.82. The stock’s 50 day simple moving average is $5.93 and its 200 day simple moving average is $4.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The business had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. During the same period last year, the company earned ($0.11) EPS. The firm’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Coeur Mining Company 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.