Proficio Capital Partners LLC Makes New $92,000 Investment in Coeur Mining, Inc. (NYSE:CDE)

Proficio Capital Partners LLC purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,153 shares of the basic materials company’s stock, valued at approximately $92,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Coeur Mining by 139.8% during the fourth 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 during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining during the 4th quarter valued at about $57,000. Empowered Funds LLC purchased a new stake in shares of Coeur Mining during the 4th quarter valued at about $66,000. KBC Group NV lifted its stake in shares of Coeur Mining by 45.4% in the 4th quarter. KBC Group NV now owns 18,919 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 5,908 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Coeur Mining in the third quarter worth approximately $119,000. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CDE. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price on the stock. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $8.75 to $8.25 in a research report on Friday, February 21st. Roth Mkm reduced their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Cormark raised Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $8.05.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.56% of the company’s stock.

Coeur Mining Stock Down 4.2 %

Shares of CDE opened at $6.08 on Friday. The business’s 50 day moving average is $6.18 and its 200 day moving average is $6.38. The company has a market capitalization of $3.88 billion, a PE ratio of 50.63 and a beta of 1.51. Coeur Mining, Inc. has a 12-month low of $4.03 and a 12-month high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

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