Tudor Investment Corp ET AL Acquires 923,283 Shares of Coeur Mining, Inc. (NYSE:CDE)

Tudor Investment Corp ET AL grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 182.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,430,660 shares of the basic materials company's stock after buying an additional 923,283 shares during the period. Tudor Investment Corp ET AL owned 0.36% of Coeur Mining worth $8,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CDE. Vanguard Group Inc. increased its position in Coeur Mining by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after purchasing an additional 3,178,785 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock worth $98,137,000 after buying an additional 282,885 shares during the period. Schroder Investment Management Group raised its stake in shares of Coeur Mining by 22.8% during the fourth quarter. Schroder Investment Management Group now owns 2,989,680 shares of the basic materials company's stock worth $16,772,000 after buying an additional 555,430 shares during the last quarter. Marshall Wace LLP lifted its holdings in Coeur Mining by 12,934.3% in the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock valued at $16,998,000 after buying an additional 2,948,880 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Coeur Mining by 1.2% in the fourth quarter. First Eagle Investment Management LLC now owns 2,504,978 shares of the basic materials company's stock valued at $14,328,000 after acquiring an additional 30,600 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. BMO Capital Markets initiated coverage on Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and a consensus target price of $8.10.

Coeur Mining Stock Up 2.2 %

Shares of NYSE:CDE traded up $0.12 during trading on Monday, hitting $5.43. 4,500,563 shares of the company's stock traded hands, compared to its average volume of 18,404,424. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $5.71 and a 200-day moving average price of $6.17. Coeur Mining, Inc. has a 52 week low of $4.57 and a 52 week high of $7.72. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 45.30 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. As a group, research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal 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.