Brevan Howard Capital Management LP Raises Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Brevan Howard Capital Management LP lifted its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 502.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,282 shares of the basic materials company's stock after purchasing an additional 147,878 shares during the quarter. Brevan Howard Capital Management LP's holdings in Coeur Mining were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Coeur Mining by 59.2% in the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after purchasing an additional 358,097 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Coeur Mining during the third quarter valued at approximately $119,000. JPMorgan Chase & Co. lifted its position in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after acquiring an additional 665,452 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 3,359 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Coeur Mining in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Activity

In related news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction on 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 purchase, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. The trade was a 1.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the sale, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at $903,569.60. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

CDE has been the topic of a number of research reports. TD Securities initiated coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets started coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective for the company. Finally, Raymond James reiterated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $8.10.

Coeur Mining Price Performance

NYSE CDE traded down $0.02 during trading on Tuesday, hitting $7.64. 6,971,151 shares of the stock traded hands, compared to its average volume of 18,691,721. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $7.85. The firm has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $6.15. The company has a market capitalization 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 announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. During the same period in the previous year, the firm earned ($0.05) EPS. Coeur Mining's revenue for the quarter was up 69.0% on a year-over-year basis. As a group, analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current 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.