GAMMA Investing LLC Purchases 28,942 Shares of Coeur Mining, Inc. (NYSE:CDE)

GAMMA Investing LLC raised its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 502.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CDE. Quarry LP boosted its position in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares in the last quarter. DRW Securities LLC bought a new position in shares of Coeur Mining during the fourth quarter worth $60,000. ZEGA Investments LLC bought a new position in shares of Coeur Mining during the fourth quarter worth $64,000. Finally, Freestone Grove Partners LP bought a new position in shares of Coeur Mining during the fourth quarter worth $65,000. 63.01% of the stock is owned by institutional investors.

Insider Transactions at Coeur Mining

In related news, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining 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 sale, the director now 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the sale, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at $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 in the last ninety days. Insiders own 1.56% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CDE. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James Financial reaffirmed an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a research report on Wednesday, April 2nd. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective on the stock. Finally, National Bank Financial raised shares of 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $8.75.

Coeur Mining Stock Down 1.5%

CDE stock traded down $0.14 during midday trading on Tuesday, hitting $8.93. The company's stock had a trading volume of 11,815,908 shares, compared to its average volume of 13,058,692. The stock has a market capitalization of $5.71 billion, a P/E ratio of 34.33 and a beta of 1.31. The company's fifty day moving average price is $7.51 and its 200 day moving average price is $6.58. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $9.69. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.93 and a quick ratio of 0.62.

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 for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. The firm's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. As a group, equities research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.