Coeur Mining, Inc. (NYSE:CDE) is NewGen Asset Management Ltd's 10th Largest Position

NewGen Asset Management Ltd lessened its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 89.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 800,000 shares of the basic materials company's stock after selling 6,913,117 shares during the period. Coeur Mining accounts for about 4.2% of NewGen Asset Management Ltd's investment portfolio, making the stock its 10th biggest holding. NewGen Asset Management Ltd owned approximately 0.20% of Coeur Mining worth $4,576,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% in the fourth 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 in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining in the fourth quarter worth about $57,000. DRW Securities LLC purchased a new position in Coeur Mining in the 4th quarter worth about $60,000. ZEGA Investments LLC bought a new stake in Coeur Mining during the 4th quarter valued at about $64,000. Finally, Empowered Funds LLC bought a new position in Coeur Mining in the 4th quarter worth about $66,000. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost 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 of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

Coeur Mining Stock Down 2.5 %

Shares of Coeur Mining stock traded down $0.14 on Friday, reaching $5.27. The stock had a trading volume of 9,687,604 shares, compared to its average volume of 11,673,906. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.36 billion, a P/E ratio of 43.96 and a beta of 1.35. The company has a 50 day moving average price of $5.71 and a 200 day moving average price of $6.19. Coeur Mining, Inc. has a 1 year low of $4.36 and a 1 year high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.32 million. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CDE. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective on the stock. Raymond James restated an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. TD Securities began coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price on the stock. Finally, Roth Mkm reduced their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. One 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 company's stock. According to MarketBeat.com, the stock presently 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.