Sherbrooke Park Advisers LLC Has $477,000 Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Sherbrooke Park Advisers LLC increased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 110.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,408 shares of the basic materials company's stock after purchasing an additional 43,707 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Coeur Mining were worth $477,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Merit Financial Group LLC lifted its holdings in shares of Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Coeur Mining by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after buying an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Coeur Mining by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock valued at $236,000 after acquiring an additional 2,624 shares in the last quarter. Xponance Inc. boosted its position in Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after acquiring an additional 2,811 shares during the last quarter. Finally, Optiver Holding B.V. boosted its position in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Roth Mkm lowered their price target 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. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Finally, TD Securities began coverage on Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $8.10.

Coeur Mining Stock Performance

Shares of CDE traded up $0.13 during midday trading on Friday, reaching $7.85. The stock had a trading volume of 5,686,474 shares, compared to its average volume of 18,449,605. The firm has a market cap of $5.02 billion, a PE ratio of 65.46 and a beta of 1.24. The firm has a 50 day simple moving average of $6.17 and a 200-day simple moving average of $6.21. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $7.98. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating 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 prior year, the company posted ($0.05) earnings per share. Coeur Mining's revenue for the quarter was up 69.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Activity

In related news, Director Pierre Beaudoin sold 60,551 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the sale, the director now owns 188,362 shares in the company, valued at approximately $1,375,042.60. This represents a 24.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief financial officer now owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.56% of the company's stock.

About Coeur Mining

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.