Jacobs Levy Equity Management Inc. Purchases Shares of 3,710,552 Coeur Mining, Inc. (NYSE:CDE)

Jacobs Levy Equity Management Inc. bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 3,710,552 shares of the basic materials company's stock, valued at approximately $21,224,000. Jacobs Levy Equity Management Inc. owned 0.93% of Coeur Mining as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock worth $9,761,000 after purchasing an additional 665,452 shares in the last quarter. US Bancorp DE increased its stake in Coeur Mining by 595.5% during the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company's stock worth $503,000 after buying an additional 75,314 shares during the period. Contravisory Investment Management Inc. acquired a new position in Coeur Mining in the 4th quarter worth $267,000. Russell Investments Group Ltd. boosted its position in Coeur Mining by 2,203.1% in the 4th quarter. Russell Investments Group Ltd. now owns 232,916 shares of the basic materials company's stock valued at $1,332,000 after buying an additional 222,803 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Coeur Mining by 253.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock valued at $8,419,000 after acquiring an additional 1,055,084 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James reiterated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Roth Mkm cut their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $8.10.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the transaction, the chief accounting officer now owns 122,104 shares in the company, valued at approximately $903,569.60. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pierre Beaudoin sold 60,551 shares of the firm's 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 transaction, the director now directly owns 188,362 shares in the company, valued at $1,375,042.60. This trade represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Coeur Mining Stock Performance

Shares of Coeur Mining stock traded up $0.05 during trading on Friday, hitting $7.46. 29,403,038 shares of the stock were exchanged, compared to its average volume of 12,275,405. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining, Inc. has a 12 month low of $4.57 and a 12 month high of $7.85. The stock's fifty day moving average is $6.00 and its 200 day moving average is $6.17. The stock has a market cap of $4.77 billion, a PE ratio of 62.14 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business posted ($0.05) earnings per share. The company's revenue was up 69.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current 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.