BFI Infinity Ltd. Acquires Shares of 42,205 Coeur Mining, Inc. (NYSE:CDE)

BFI Infinity Ltd. purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,205 shares of the basic materials company's stock, valued at approximately $250,000.

Other large investors also recently modified their holdings of the company. Two Sigma Advisers LP increased its position in Coeur Mining by 404.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock valued at $29,110,000 after acquiring an additional 4,080,600 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Coeur Mining in the fourth quarter worth $21,224,000. Vanguard Group Inc. increased its holdings 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 valued at $232,805,000 after purchasing an additional 3,178,785 shares during the period. Marshall Wace LLP raised its position in Coeur Mining by 12,934.3% during the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after purchasing an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Coeur Mining by 57.8% during the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock worth $41,245,000 after purchasing an additional 2,641,310 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Coeur Mining news, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the transaction, the director now owns 101,841 shares in the company, valued at approximately $797,415.03. This represents a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the transaction, the director now directly owns 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,061 shares of company stock valued at $667,775. 1.56% of the stock is owned by company insiders.

Coeur Mining Trading Down 1.1%

Shares of Coeur Mining stock traded down $0.11 on Wednesday, reaching $9.13. 17,268,743 shares of the company's stock were exchanged, compared to its average volume of 12,878,131. The company has a market capitalization of $5.84 billion, a P/E ratio of 76.05 and a beta of 1.30. Coeur Mining, Inc. has a 52 week low of $4.57 and a 52 week high of $9.69. The firm's 50-day moving average is $6.83 and its two-hundred day moving average is $6.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm's revenue was up 69.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. Sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CDE. TD Securities initiated coverage on Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. Raymond James reiterated an "outperform" rating and issued a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.