Graham Capital Management L.P. Has $2.03 Million Holdings in Coeur Mining, Inc. (NYSE:CDE)

Graham Capital Management L.P. raised its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,176 shares of the basic materials company's stock after buying an additional 49,043 shares during the period. Graham Capital Management L.P. owned 0.09% of Coeur Mining worth $2,032,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 3,359 shares in the last quarter. Quarry LP raised its position in shares of Coeur Mining by 853.8% in the fourth 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 during the period. Optiver Holding B.V. lifted its stake in shares of Coeur Mining by 150.5% in 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 during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Coeur Mining in the fourth quarter worth $57,000. Finally, DRW Securities LLC bought a new stake in shares of Coeur Mining during the 4th quarter worth $60,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Price Performance

Shares of Coeur Mining stock traded down $0.01 during trading on Thursday, hitting $7.38. 15,020,415 shares of the company's stock traded hands, compared to its average volume of 12,186,033. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $7.85. 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 cap of $4.72 billion, a PE ratio of 61.51 and a beta of 1.24. The firm's fifty day moving average price is $5.95 and its 200 day moving average price is $6.17.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share 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 firm's revenue for the quarter was up 69.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. Analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the sale, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CDE. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. 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 objective for the company. Roth Mkm lowered their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target for the company. Finally, Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $8.10.

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.