Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Sherbrooke Park Advisers LLC

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

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in Coeur Mining by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 111,272 shares of the basic materials company's stock worth $636,000 after purchasing an additional 36,611 shares during the period. Quantinno Capital Management LP bought a new stake in Coeur Mining in the 4th quarter worth approximately $78,000. Man Group plc boosted its holdings in shares of Coeur Mining by 492.9% in the fourth quarter. Man Group plc now owns 1,139,842 shares of the basic materials company's stock worth $6,520,000 after buying an additional 947,602 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Coeur Mining by 48.3% in the fourth quarter. Nuveen Asset Management LLC now owns 4,077,705 shares of the basic materials company's stock worth $23,324,000 after buying an additional 1,327,622 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Coeur Mining in the fourth quarter worth approximately $4,576,000. Institutional investors own 63.01% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CDE. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Roth Mkm decreased their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective on the stock. Finally, BMO Capital Markets started coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $8.10.

Insider Buying and Selling

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the transaction, the chief accounting officer now directly owns 122,104 shares in the company, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the director now directly owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Coeur Mining Price Performance

Shares of NYSE:CDE traded up $0.38 during midday trading on Tuesday, reaching $7.83. 11,857,729 shares of the company were exchanged, compared to its average volume of 12,278,988. The stock has a market cap of $5.01 billion, a PE ratio of 65.26 and a beta of 1.24. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $7.86. The business's fifty day moving average is $6.11 and its two-hundred day moving average is $6.19. 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 quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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 previous year, the company earned ($0.05) EPS. The firm's revenue was up 69.0% on a year-over-year basis. As a group, analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Coeur Mining 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.