Sumitomo Mitsui Trust Group Inc. Takes $192,000 Position in Coeur Mining, Inc. (NYSE:CDE)

Sumitomo Mitsui Trust Group Inc. acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,500 shares of the basic materials company’s stock, valued at approximately $192,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position 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 buying an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $57,000. CWM LLC lifted its position in shares of Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after buying an additional 4,686 shares during the last quarter. Forum Financial Management LP acquired a new stake in shares of Coeur Mining in the third quarter valued at approximately $81,000. Finally, KBC Group NV lifted its position in shares of Coeur Mining by 45.4% in the fourth quarter. KBC Group NV now owns 18,919 shares of the basic materials company’s stock valued at $108,000 after buying an additional 5,908 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Roth Mkm reissued a “buy” rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $6.62 on Friday. The stock has a market capitalization of $2.64 billion, a PE ratio of -220.43 and a beta of 1.59. 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 business has a fifty day moving average price of $6.39 and a two-hundred day moving average price of $6.39. Coeur Mining, Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $7.72.

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.