280,000 Shares in Coeur Mining, Inc. (NYSE:CDE) Bought by Thomist Capital Management LP

Thomist Capital Management LP bought a new stake in Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 280,000 shares of the basic materials company’s stock, valued at approximately $1,574,000. Coeur Mining comprises about 0.6% of Thomist Capital Management LP’s portfolio, making the stock its 23rd biggest holding. Thomist Capital Management LP owned 0.07% of Coeur Mining as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,490 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Coeur Mining during the first quarter worth approximately $46,000. StoneX Group Inc. acquired a new stake in shares of Coeur Mining in the first quarter worth $49,000. &PARTNERS purchased a new position in shares of Coeur Mining in the 1st quarter valued at $54,000. Finally, Marotta Asset Management raised its stake in shares of Coeur Mining by 50.0% in the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 3.2 %

NYSE:CDE opened at $6.75 on Thursday. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -21.77 and a beta of 1.64. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $7.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. The business’s 50-day simple moving average is $6.11 and its 200 day simple moving average is $5.28.

Coeur Mining (NYSE:CDE) last announced 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. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The company had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. During the same period in the prior year, the company posted ($0.06) EPS. Coeur Mining’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Raymond James upped their target price on Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a research report on Friday, August 9th. BMO Capital Markets raised their target price on Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, Roth Mkm restated a “buy” rating and issued a $8.00 price target (up previously from $7.25) on shares of Coeur Mining in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.44.

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.