Point72 Asia Singapore Pte. Ltd. Makes New Investment in Coeur Mining, Inc. (NYSE:CDE)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,680 shares of the basic materials company’s stock, valued at approximately $49,000.

A number of other large investors also recently made changes to their positions in CDE. BNP Paribas Financial Markets increased its stake in Coeur Mining by 24.2% in the fourth quarter. BNP Paribas Financial Markets now owns 130,076 shares of the basic materials company’s stock valued at $424,000 after purchasing an additional 25,303 shares during the last quarter. Evoke Wealth LLC purchased a new stake in Coeur Mining in the 4th quarter valued at about $64,000. Sprott Inc. increased its stake in shares of Coeur Mining by 71.2% during the 4th quarter. Sprott Inc. now owns 741,005 shares of the basic materials company’s stock valued at $2,416,000 after acquiring an additional 308,068 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the period. Finally, Marotta Asset Management boosted its position in shares of Coeur Mining by 50.0% in the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Down 3.5 %

Shares of NYSE CDE opened at $6.88 on Tuesday. The stock has a fifty day moving average price of $6.21 and a 200 day moving average price of $5.53. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. Coeur Mining, Inc. has a 12-month low of $2.00 and a 12-month high of $7.72. The company has a market cap of $2.75 billion, a P/E ratio of -22.19 and a beta of 1.64.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) earnings per share. Research analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on CDE shares. Raymond James upped their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Roth Mkm increased their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.83.

About Coeur Mining

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.