Headlands Technologies LLC Takes $142,000 Position in Coeur Mining, Inc. (NYSE:CDE)

Headlands Technologies LLC acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,040 shares of the basic materials company's stock, valued at approximately $142,000.

A number of other hedge funds have also made changes to their positions in CDE. Vanguard Group Inc. increased its holdings in shares of Coeur Mining by 57.3% during the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock valued at $378,903,000 after acquiring an additional 23,303,638 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Coeur Mining by 404.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock valued at $29,110,000 after buying an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Coeur Mining in the 4th quarter valued at approximately $21,224,000. Jupiter Asset Management Ltd. grew its holdings in Coeur Mining by 60.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company's stock valued at $50,564,000 after buying an additional 3,233,383 shares during the last quarter. Finally, Ruffer LLP acquired a new stake in Coeur Mining in the 1st quarter valued at approximately $17,673,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Price Performance

Shares of CDE stock opened at $11.65 on Monday. The stock has a 50 day moving average of $9.24 and a two-hundred day moving average of $7.31. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $11.72. The company has a market capitalization of $7.49 billion, a P/E ratio of 31.49 and a beta of 1.16.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%. The company had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same quarter last year, the company earned ($0.01) EPS. The company's quarterly revenue was up 116.5% on a year-over-year basis. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on CDE shares. BMO Capital Markets raised their target price on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. National Bankshares set a $12.00 target price on Coeur Mining in a report on Friday, June 13th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $13.00 target price on shares of Coeur Mining in a report on Thursday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $9.79.

Insider Buying and Selling

In other Coeur Mining news, Director Eduardo Luna sold 17,160 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the sale, the director owned 101,841 shares in the company, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Casey M. Nault sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $10.02, for a total value of $1,002,000.00. Following the transaction, the senior vice president owned 670,880 shares of the company's stock, valued at $6,722,217.60. This trade represents a 12.97% decrease in their position. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

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.

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