Counterpoint Mutual Funds LLC Invests $288,000 in Coeur Mining, Inc. (NYSE:CDE)

Counterpoint Mutual Funds LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 50,385 shares of the basic materials company’s stock, valued at approximately $288,000.

Several other institutional investors have also recently made changes to their positions in CDE. JPMorgan Chase & Co. raised its position in shares of Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after acquiring an additional 665,452 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Coeur Mining in the 4th quarter worth approximately $3,738,000. Barclays PLC increased its position in Coeur Mining by 59.2% during the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock valued at $6,624,000 after buying an additional 358,097 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Coeur Mining during the 4th quarter valued at approximately $1,378,000. Finally, BNP Paribas Financial Markets increased its position in Coeur Mining by 180.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock valued at $2,137,000 after buying an additional 199,919 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Cormark raised Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Roth Mkm reduced their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. BMO Capital Markets assumed coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, TD Securities began coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Coeur Mining presently has a consensus rating of “Buy” and an average price target of $8.05.

Insider Transactions at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.56% of the company’s stock.

Coeur Mining Stock Performance

Shares of CDE opened at $6.55 on Wednesday. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 54.55 and a beta of 1.51. Coeur Mining, Inc. has a 12 month low of $2.98 and a 12 month high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $6.17 and its two-hundred day simple moving average is $6.35.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $305.40 million for 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%. Research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal 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.