Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC grew its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 2,354.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 878,653 shares of the basic materials company's stock after buying an additional 842,853 shares during the quarter. Aquatic Capital Management LLC owned 0.22% of Coeur Mining worth $5,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock worth $9,761,000 after purchasing an additional 665,452 shares during the period. US Bancorp DE lifted its holdings in Coeur Mining by 595.5% during the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company's stock valued at $503,000 after buying an additional 75,314 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in Coeur Mining during the 4th quarter valued at about $267,000. Russell Investments Group Ltd. grew its stake in Coeur Mining by 2,203.1% in the 4th quarter. Russell Investments Group Ltd. now owns 232,916 shares of the basic materials company's stock worth $1,332,000 after acquiring an additional 222,803 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Coeur Mining by 253.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock worth $8,419,000 after acquiring an additional 1,055,084 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction that occurred on 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 acquisition, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of research analyst reports. TD Securities initiated coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. Raymond James reissued an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Cormark raised Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. Finally, Roth Mkm dropped their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $8.10.

Coeur Mining Price Performance

CDE traded down $0.12 during midday trading on Friday, hitting $5.29. 7,999,389 shares of the company traded hands, compared to its average volume of 11,666,995. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 44.21 and a beta of 1.35. The business has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $6.19. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 52-week low of $4.36 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) 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 the consensus estimate of $0.11. The company had revenue of $305.40 million during the quarter, compared to analysts' expectations of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. On average, equities analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share 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.