GAMMA Investing LLC Raises Stock Position in Coeur Mining, Inc. (NYSE:CDE)

GAMMA Investing LLC raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 139.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,761 shares of the basic materials company’s stock after acquiring an additional 3,359 shares during the quarter. GAMMA Investing LLC’s holdings in Coeur Mining were worth $33,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ballentine Partners LLC raised its holdings in shares of Coeur Mining by 31.8% during the 3rd quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 4,586 shares in the last quarter. CWM LLC boosted its holdings in shares of Coeur Mining by 93.2% in the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 4,686 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Coeur Mining by 59.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock worth $90,000 after purchasing an additional 5,993 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Coeur Mining during the 2nd quarter valued at approximately $49,000. Finally, Creative Planning raised its holdings in Coeur Mining by 27.7% during the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock valued at $282,000 after buying an additional 8,914 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Raymond James increased their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Canaccord Genuity Group increased their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Roth Mkm reissued a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. BMO Capital Markets upped their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Trading Up 6.6 %

Shares of CDE stock opened at $6.33 on Wednesday. Coeur Mining, Inc. has a 1-year low of $2.42 and a 1-year high of $7.72. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -210.93 and a beta of 1.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $6.31 and a 200-day simple moving average of $6.33.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. During the same quarter last year, the business posted ($0.05) earnings per share. The business’s quarterly revenue was up 61.1% compared to the same quarter last year. On average, equities research analysts expect that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

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.