Two Sigma Investments LP Acquires 2,641,310 Shares of Coeur Mining, Inc. (NYSE:CDE)

Two Sigma Investments LP lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 57.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,210,595 shares of the basic materials company's stock after buying an additional 2,641,310 shares during the quarter. Two Sigma Investments LP owned about 1.81% of Coeur Mining worth $41,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. acquired a new position in Coeur Mining during the 4th quarter worth approximately $21,224,000. Vanguard Group Inc. increased its holdings in shares of 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 valued at $232,805,000 after acquiring an additional 3,178,785 shares in the last quarter. Marshall Wace LLP raised its position in shares of Coeur Mining by 12,934.3% during the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after purchasing an additional 2,948,880 shares during the period. Tidal Investments LLC raised its position in shares of Coeur Mining by 11.1% during the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock worth $76,326,000 after purchasing an additional 1,332,684 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Coeur Mining by 48.3% in the 4th quarter. Nuveen Asset Management LLC now owns 4,077,705 shares of the basic materials company's stock worth $23,324,000 after purchasing an additional 1,327,622 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target for the company. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Raymond James reissued an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price target on the stock. One equities research 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $8.10.

Insider Buying and Selling

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction on Friday, May 9th. The stock was 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 $1,375,042.60. This represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Coeur Mining Price Performance

CDE opened at $7.83 on Wednesday. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.88. 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 company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 65.26 and a beta of 1.24. The firm's fifty day moving average price is $6.11 and its two-hundred day moving average price is $6.19.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly 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%. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm's revenue for the quarter was up 69.0% on a year-over-year basis. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

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.

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