Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 404.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,089,100 shares of the basic materials company's stock after acquiring an additional 4,080,600 shares during the period. Two Sigma Advisers LP owned about 1.27% of Coeur Mining worth $29,110,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP increased 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 purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. boosted its position in 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 purchasing an additional 4,903 shares in the last quarter. DRW Securities LLC acquired a new stake in Coeur Mining in the fourth quarter valued at approximately $60,000. ZEGA Investments LLC purchased a new stake in shares of Coeur Mining in the fourth quarter valued at 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. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Price Performance

CDE traded up $0.09 on Monday, hitting $7.81. 15,814,590 shares of the company's stock were exchanged, compared to its average volume of 12,386,531. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $7.98. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 65.05 and a beta of 1.24. The firm has a 50-day moving average price of $6.20 and a 200-day moving average price of $6.23. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CDE. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price on the stock. TD Securities began coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. Finally, Raymond James restated an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. One equities research 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, Coeur Mining has a consensus rating of "Buy" and a consensus price target of $8.10.

Insiders Place Their Bets

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the transaction, the director now owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction 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 completion of the sale, the director now owns 101,841 shares of the company's stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock valued at $667,775 in the last ninety days. 1.50% of the stock is currently owned by corporate 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.