Coeur Mining, Inc. (NYSE:CDE) Position Increased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. boosted its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 98.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,743 shares of the basic materials company's stock after acquiring an additional 52,566 shares during the period. Aristeia Capital L.L.C.'s holdings in Coeur Mining were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CDE. Merit Financial Group LLC increased its stake in Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Coeur Mining by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after purchasing an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Coeur Mining by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock worth $236,000 after purchasing an additional 2,624 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Coeur Mining by 10.9% in the fourth quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after acquiring an additional 2,811 shares during the period. Finally, GAMMA Investing LLC increased 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 valued at $33,000 after buying an additional 3,359 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

CDE has been the subject of a number of recent research reports. Roth Mkm cut their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. Raymond James reiterated an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. Cormark upgraded Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. 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 price target for the company. Finally, TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target for the company. One 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 MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $8.10.

Insider Activity

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company's stock.

Coeur Mining Trading Up 20.2 %

Shares of Coeur Mining stock traded up $1.16 during trading hours on Thursday, hitting $6.89. The company's stock had a trading volume of 23,856,810 shares, compared to its average volume of 11,869,427. The firm has a fifty day moving average of $5.75 and a 200-day moving average of $6.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $7.72. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 57.42 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business's quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) EPS. Research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS 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.