Tower Research Capital LLC TRC Sells 72,227 Shares of Coeur Mining, Inc. (NYSE:CDE)

Tower Research Capital LLC TRC lessened its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 63.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,476 shares of the basic materials company's stock after selling 72,227 shares during the quarter. Tower Research Capital LLC TRC's holdings in Coeur Mining were worth $237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake 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. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining in the 4th quarter worth approximately $57,000. DRW Securities LLC bought a new position in shares of Coeur Mining in the 4th quarter worth approximately $60,000. ZEGA Investments LLC purchased a new position in shares of Coeur Mining in the 4th quarter valued at approximately $64,000. Finally, Empowered Funds LLC bought a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $66,000. Institutional investors own 63.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CDE shares. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Roth Mkm cut their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. Raymond James reiterated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Finally, Cormark upgraded Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. 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 company. According to data from MarketBeat, Coeur Mining has an average rating of "Buy" and a consensus target price of $8.10.

Coeur Mining Stock Up 12.6 %

NYSE CDE traded up $0.88 during mid-day trading on Friday, reaching $7.85. The stock had a trading volume of 29,929,871 shares, compared to its average volume of 12,037,686. The company has a fifty day moving average price of $5.84 and a 200 day moving average price of $6.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.85. The stock has a market cap of $5.02 billion, a PE ratio of 65.42 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 (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%. During the same quarter in the prior year, the company earned ($0.05) EPS. The business's quarterly revenue was up 69.0% on a year-over-year basis. On average, research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company's stock.

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.