Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 502.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,703 shares of the basic materials company's stock after acquiring an additional 28,942 shares during the quarter. GAMMA Investing LLC's holdings in Coeur Mining were worth $205,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP raised its position in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. raised 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 valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. DRW Securities LLC bought a new stake in Coeur Mining during the 4th quarter valued at $60,000. ZEGA Investments LLC bought a new stake in Coeur Mining during the 4th quarter valued at $64,000. Finally, Freestone Grove Partners LP bought a new stake in Coeur Mining during the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Up 2.5%

NYSE:CDE traded up $0.23 during mid-day trading on Thursday, hitting $9.07. 8,413,774 shares of the company's stock traded hands, compared to its average volume of 13,088,051. The company has a fifty day moving average of $7.62 and a 200 day moving average of $6.61. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $9.69. The company has a market capitalization of $5.80 billion, a P/E ratio of 34.87 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93.

Coeur Mining (NYSE:CDE - Get Free Report) last announced 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 return on equity of 9.96% and a net margin of 10.11%. During the same quarter last year, the company posted ($0.05) EPS. The firm's quarterly revenue was up 69.0% on a year-over-year basis. On average, analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CDE shares. National Bankshares set a $12.00 target price on Coeur Mining in a research report on Friday, June 13th. TD Cowen raised Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. TD Securities began coverage on Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target for the company. Raymond James Financial reissued an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. Finally, National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Coeur Mining presently has an average rating of "Buy" and an average target price of $8.75.

Insider Activity at Coeur Mining

In other news, Director Pierre Beaudoin sold 60,551 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the transaction, the director now directly owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 122,104 shares in the company, valued at $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock valued at $667,775 in the last ninety days. Corporate insiders own 1.50% of the company's stock.

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.