BFI Infinity Ltd. Purchases New Shares in Coeur Mining, Inc. (NYSE:CDE)

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

Several other institutional investors also recently modified their holdings of CDE. SG Americas Securities LLC purchased a new stake in Coeur Mining in the first quarter worth approximately $691,000. Pallas Capital Advisors LLC bought a new stake in shares of Coeur Mining in the first quarter worth $82,000. Miracle Mile Advisors LLC purchased a new stake in Coeur Mining during the first quarter valued at $113,000. City State Bank lifted its holdings in Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 2,274 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in Coeur Mining by 25.1% in the first quarter. Merit Financial Group LLC now owns 39,509 shares of the basic materials company's stock valued at $234,000 after acquiring an additional 7,935 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

NYSE:CDE traded up $0.07 during trading hours on Friday, hitting $9.28. 11,891,248 shares of the stock traded hands, compared to its average volume of 12,929,340. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 77.30 and a beta of 1.30. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $9.69. The stock has a 50 day moving average price of $7.09 and a 200 day moving average price of $6.48. 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 (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, beating 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%. During the same quarter in the previous year, the business posted ($0.05) EPS. The business's quarterly revenue was up 69.0% compared to the same quarter last year. Sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the 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 owns 188,362 shares of the company's stock, valued at $1,375,042.60. This represents a 24.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the transaction, the chief accounting officer now owns 122,104 shares of the company's stock, valued at approximately $903,569.60. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock worth $667,775 over the last ninety days. Corporate insiders own 1.56% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CDE shares. Roth Mkm cut their price target on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. TD Securities initiated coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target on the stock. Finally, Cormark upgraded Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average 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.