SG Americas Securities LLC Acquires New Holdings in Coeur Mining, Inc. (NYSE:CDE)

SG Americas Securities LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 116,695 shares of the basic materials company's stock, valued at approximately $691,000.

Several other institutional investors and hedge funds have also bought and sold shares of CDE. Two Sigma Advisers LP raised its stake in shares of Coeur Mining by 404.6% during the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock worth $29,110,000 after purchasing an additional 4,080,600 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Coeur Mining during the fourth quarter worth $21,224,000. Vanguard Group Inc. raised its position in Coeur Mining by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after acquiring an additional 3,178,785 shares in the last quarter. Marshall Wace LLP lifted its stake in Coeur Mining by 12,934.3% in the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock valued at $16,998,000 after acquiring an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after acquiring an additional 2,641,310 shares during the period. Institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Performance

Coeur Mining 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 13,028,023. The company has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $6.58. Coeur Mining, Inc. has a 1-year low of $4.57 and a 1-year high of $9.69. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 34.33 and a beta of 1.30. 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 issued its quarterly 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 period in the previous year, the company earned ($0.05) earnings per share. The company's quarterly revenue was up 69.0% on a year-over-year basis. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the transaction, the director now directly owns 101,841 shares of the company's stock, valued at $797,415.03. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.30, for a total value of $442,022.30. Following the completion of the transaction, the director now owns 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 90,061 shares of company stock worth $667,775. 1.56% of the stock is currently owned by company insiders.

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.