16,231 Shares in Coeur Mining, Inc. (NYSE:CDE) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 16,231 shares of the basic materials company’s stock, valued at approximately $93,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings 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 valued at $33,000 after purchasing an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Coeur Mining in the 4th quarter valued at $57,000. Empowered Funds LLC bought a new position in Coeur Mining during the 4th quarter valued at $66,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Coeur Mining during the 4th quarter worth $69,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Coeur Mining in the 4th quarter worth $92,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired 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 owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.56% of the company’s stock.

Coeur Mining Stock Performance

NYSE:CDE opened at $6.21 on Friday. Coeur Mining, Inc. has a 1 year low of $3.36 and a 1 year 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 business has a fifty day simple moving average of $6.17 and a two-hundred day simple moving average of $6.36. The company has a market capitalization of $3.96 billion, a P/E ratio of 51.71 and a beta of 1.51.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CDE. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price target on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Finally, Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Coeur Mining presently has a consensus rating of “Buy” and a consensus price target of $8.05.

Coeur Mining 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.