Gotham Asset Management LLC Increases Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Gotham Asset Management LLC raised its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 119.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,637 shares of the basic materials company's stock after acquiring an additional 41,778 shares during the period. Gotham Asset Management LLC's holdings in Coeur Mining were worth $438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP increased its holdings in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 5,968 shares during the last quarter. Optiver Holding B.V. increased its holdings in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 4,903 shares during the last quarter. DRW Securities LLC bought a new stake in Coeur Mining in the 4th quarter valued at $60,000. ZEGA Investments LLC bought a new stake in Coeur Mining in the 4th quarter valued at $64,000. Finally, Freestone Grove Partners LP bought a new stake in Coeur Mining in the 4th quarter valued at $65,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CDE shares. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Raymond James restated an "outperform" rating and issued a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price on the stock. Roth Mkm reduced their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, TD Securities initiated coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of "Buy" and a consensus target price of $8.10.

Coeur Mining Trading Up 1.1%

Shares of CDE stock traded up $0.09 during trading hours on Friday, reaching $7.81. 15,814,590 shares of the stock were exchanged, compared to its average volume of 12,386,531. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month 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. The company's 50-day moving average price is $6.20 and its 200-day moving average price is $6.23. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 65.05 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping 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 firm posted ($0.05) earnings per share. The business's quarterly revenue was up 69.0% compared to the same quarter last year. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other Coeur Mining news, Director Eduardo Luna sold 17,160 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the sale, the director now directly owns 101,841 shares of the company's stock, valued at $797,415.03. The trade was a 14.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the sale, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,061 shares of company stock valued at $667,775. Company insiders own 1.56% of the company's stock.

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.