Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 82.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,947 shares of the basic materials company’s stock after buying an additional 76,700 shares during the quarter. Intech Investment Management LLC’s holdings in Coeur Mining were worth $972,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Merit Financial Group LLC grew its position in shares of Coeur Mining by 5.4% during the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock worth $181,000 after buying an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Coeur Mining by 0.7% during 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 buying an additional 2,323 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares in the last quarter. Rhumbline Advisers grew its position in shares of Coeur Mining by 0.9% during the fourth quarter. Rhumbline Advisers now owns 625,026 shares of the basic materials company’s stock worth $3,575,000 after buying an additional 5,328 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Coeur Mining by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company’s stock worth $7,143,000 after buying an additional 5,541 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. TD Securities assumed coverage on Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price target for the company. Roth Mkm lowered their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Finally, TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and an average target price of $8.05.

Coeur Mining Price Performance

Coeur Mining stock opened at $6.21 on Friday. Coeur Mining, Inc. has a 12 month low of $3.36 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 business has a 50 day simple moving average of $6.17 and a 200-day simple moving average of $6.36. The stock has a market capitalization of $3.96 billion, a PE ratio of 51.71 and a beta of 1.51.

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

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.