Cubist Systematic Strategies LLC Increases Stake in Coeur Mining, Inc. (NYSE:CDE)

Cubist Systematic Strategies LLC boosted its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 128.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,734,685 shares of the basic materials company's stock after buying an additional 975,473 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.43% of Coeur Mining worth $9,922,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CDE. GAMMA Investing LLC boosted its position in shares of Coeur Mining by 139.8% during the 4th 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. Quarry LP boosted its holdings in shares of Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. grew its position in shares of Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after buying an additional 4,903 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining in the 4th quarter valued at $57,000. Finally, DRW Securities LLC acquired a new position in shares of Coeur Mining during the 4th quarter valued at $60,000. Institutional investors own 63.01% of the company's stock.

Insider Activity

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the sale, the chief accounting officer now owns 122,104 shares of the company's stock, valued at approximately $903,569.60. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.50% of the company's stock.

Coeur Mining Stock Down 0.3%

NYSE:CDE traded down $0.02 on Tuesday, hitting $7.64. The stock had a trading volume of 6,971,151 shares, compared to its average volume of 12,066,213. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.85. The firm's fifty day simple moving average is $5.88 and its two-hundred day simple moving average is $6.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The stock has a market cap of $4.88 billion, a P/E ratio of 63.67 and a beta of 1.24.

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

Analyst Ratings Changes

CDE has been the subject of several research analyst reports. Roth Mkm decreased their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target on the stock. Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, TD Securities assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $8.10.

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.