Empowered Funds LLC Takes $66,000 Position in Coeur Mining, Inc. (NYSE:CDE)

Empowered Funds LLC acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,479 shares of the basic materials company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares during the last quarter. CWM LLC grew its position in Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 4,686 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Coeur Mining in the 4th quarter worth about $57,000. Forum Financial Management LP acquired a new position in Coeur Mining in the 3rd quarter worth about $81,000. Finally, Virtu Financial LLC bought a new position in Coeur Mining in the third quarter valued at about $119,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 10.7 %

NYSE:CDE opened at $5.45 on Friday. Coeur Mining, Inc. has a 52 week low of $2.42 and a 52 week high of $7.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The firm’s fifty day moving average is $6.31 and its 200-day moving average is $6.40. The firm has a market cap of $2.17 billion, a P/E ratio of 45.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. Equities analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CDE. BMO Capital Markets initiated coverage on Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price target on the stock. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $8.75 to $8.25 in a research note on Friday. Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday. Finally, StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $8.31.

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.