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

Jacobs Levy Equity Management Inc. bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,710,552 shares of the basic materials company's stock, valued at approximately $21,224,000. Jacobs Levy Equity Management Inc. owned approximately 0.93% of Coeur Mining at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Merit Financial Group LLC grew its position in shares of Coeur Mining by 5.4% in the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock valued at $181,000 after buying an additional 1,607 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Coeur Mining by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after acquiring an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Coeur Mining by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock valued at $236,000 after purchasing an additional 2,624 shares during the period. Xponance Inc. increased its position in Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock valued at $164,000 after purchasing an additional 2,811 shares during the period. Finally, GAMMA Investing LLC increased its position in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 3,359 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pierre Beaudoin sold 60,551 shares of the 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 transaction, the director now owns 188,362 shares in the company, valued at approximately $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. Company insiders own 1.50% of the company's stock.

Coeur Mining Trading Up 0.6%

Shares of Coeur Mining stock traded up $0.05 on Friday, reaching $7.46. 29,403,038 shares of the company's stock were exchanged, compared to its average volume of 12,292,501. The company has a market capitalization of $4.77 billion, a P/E ratio of 62.14 and a beta of 1.24. Coeur Mining, Inc. has a 52 week low of $4.57 and a 52 week high of $7.85. The firm's 50-day moving average is $6.04 and its two-hundred day moving average is $6.17. 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 (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 (EPS) for the quarter, topping 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%. Coeur Mining's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) EPS. Sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of recent analyst reports. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. Roth Mkm decreased their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price for the company. Finally, TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $8.10.

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.