Torno Capital LLC Buys Shares of 126,000 Coeur Mining, Inc. (NYSE:CDE)

Torno Capital LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 126,000 shares of the basic materials company's stock, valued at approximately $721,000.

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

Analyst Ratings Changes

CDE has been the topic of several research analyst reports. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target on the stock. TD Securities began coverage on Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Raymond James reissued an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $8.10.

Insider Transactions at Coeur Mining

In other news, Director Pierre Beaudoin sold 60,551 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This represents a 24.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas S. Whelan acquired 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This represents a 1.52% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.56% of the company's stock.

Coeur Mining Trading Up 1.1%

CDE stock traded up $0.09 during trading on Friday, reaching $7.81. 6,996,933 shares of the stock traded hands, compared to its average volume of 12,304,899. Coeur Mining, Inc. has a 52-week low of $4.57 and a 52-week high of $7.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The firm has a market capitalization of $4.99 billion, a PE ratio of 64.96 and a beta of 1.24. The business's 50 day moving average price is $6.17 and its 200-day moving average price is $6.21.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business's revenue was up 69.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.