Man Group plc Raises Holdings in Coeur Mining, Inc. (NYSE:CDE)

Man Group plc grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 492.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,842 shares of the basic materials company's stock after acquiring an additional 947,602 shares during the quarter. Man Group plc owned about 0.29% of Coeur Mining worth $6,520,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its holdings 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 buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. lifted its stake 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 worth $47,000 after purchasing an additional 4,903 shares in the last quarter. DRW Securities LLC purchased a new position in Coeur Mining in the 4th quarter worth approximately $60,000. ZEGA Investments LLC acquired a new position in shares of Coeur Mining during the 4th quarter worth approximately $64,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $65,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Eduardo Luna sold 17,160 shares of the company'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 approximately $797,415.03. This represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas S. Whelan acquired 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 90,061 shares of company stock valued at $667,775 over the last quarter. Company insiders own 1.50% of the company's stock.

Coeur Mining Stock Up 1.1%

Shares of NYSE CDE traded up $0.09 during mid-day trading on Monday, reaching $7.81. The company had a trading volume of 15,814,590 shares, compared to its average volume of 12,386,531. The firm has a 50 day simple moving average of $6.20 and a two-hundred day simple moving average of $6.23. Coeur Mining, Inc. has a 52-week low of $4.57 and a 52-week 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 stock has a market cap of $4.99 billion, a P/E ratio of 65.05 and a beta of 1.24.

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 (EPS) 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 last year, the business earned ($0.05) EPS. The business's quarterly revenue was up 69.0% on a year-over-year basis. Sell-side analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price for the company. Roth Mkm lowered their price target on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target for the company. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. One investment 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.com, Coeur Mining has a consensus rating of "Buy" and a consensus price target of $8.10.

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.