Schonfeld Strategic Advisors LLC Takes Position in Coeur Mining, Inc. (NYSE:CDE)

Schonfeld Strategic Advisors LLC bought a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 103,269 shares of the basic materials company's stock, valued at approximately $591,000.

Several other large investors also recently bought and sold shares of CDE. GAMMA Investing LLC grew its stake 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 acquiring an additional 3,359 shares in the last quarter. Quarry LP raised its position in 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 Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining in the fourth quarter valued at approximately $57,000. Finally, DRW Securities LLC acquired a new position in shares of Coeur Mining in the fourth quarter worth $60,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

CDE has been the topic of a number of recent research reports. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Roth Mkm lowered their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock 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 given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $8.10.

Coeur Mining Stock Performance

Coeur Mining stock opened at $7.85 on Friday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 65.42 and a beta of 1.24. The stock has a fifty day moving average of $5.84 and a two-hundred day moving average of $6.16. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $7.85. 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 announced its quarterly earnings data 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%. The business's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS 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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