Caxton Associates LLP Makes New $685,000 Investment in Coeur Mining, Inc. $CDE

Key Points

• Caxton Associates LLP has acquired 115,738 shares in Coeur Mining, Inc., valuing the investment at approximately $685,000.
• Wall Street analysts have shown strong support for Coeur Mining, with three analysts rating it as a "Strong Buy", while the stock has an average target price of $9.79.
• Coeur Mining reported a 116.5% year-over-year increase in revenue, totaling $480.65 million for the latest quarter, along with earnings per share of $0.20.

Caxton Associates LLP bought a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 115,738 shares of the basic materials company's stock, valued at approximately $685,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company's stock worth $49,449,000 after acquiring an additional 1,278,110 shares during the period. Plancorp LLC grew its stake in Coeur Mining by 0.5% in the 1st quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock worth $1,781,000 after acquiring an additional 1,617 shares during the period. NewEdge Advisors LLC grew its stake in Coeur Mining by 4,726,860.0% in the 1st quarter. NewEdge Advisors LLC now owns 236,348 shares of the basic materials company's stock worth $1,399,000 after acquiring an additional 236,343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Coeur Mining by 72.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock worth $106,801,000 after acquiring an additional 7,579,901 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its stake in Coeur Mining by 39.3% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 266,586 shares of the basic materials company's stock worth $1,578,000 after acquiring an additional 75,226 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the transaction, the chief executive officer owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. This represents a 5.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Casey M. Nault sold 102,257 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the completion of the transaction, the senior vice president owned 568,623 shares of the company's stock, valued at approximately $6,823,476. This trade represents a 15.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 516,619 shares of company stock worth $6,626,362 in the last quarter. 1.56% of the stock is currently owned by corporate insiders.

Coeur Mining Stock Performance

Shares of NYSE:CDE traded down $0.29 during trading on Tuesday, reaching $16.65. 5,815,774 shares of the company's stock traded hands, compared to its average volume of 16,289,399. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $17.15. The company has a 50 day moving average of $11.34 and a 200-day moving average of $8.54. The stock has a market capitalization of $10.70 billion, a P/E ratio of 45.01 and a beta of 1.19.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The business had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company's revenue for the quarter was up 116.5% compared to the same quarter last year. On average, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

CDE has been the subject of several research reports. Roth Capital reissued a "buy" rating and set a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 7th. Zacks Research raised shares of Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their price objective on shares of Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Coeur Mining has a consensus rating of "Buy" and an average price target of $9.79.

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.