SG Americas Securities LLC Buys 15,621 Shares of Coeur Mining, Inc. (NYSE:CDE)

SG Americas Securities LLC raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 32.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,454 shares of the basic materials company’s stock after purchasing an additional 15,621 shares during the quarter. SG Americas Securities LLC’s holdings in Coeur Mining were worth $437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its position in Coeur Mining by 831.5% in the second 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Coeur Mining during the second quarter valued at approximately $49,000. Hohimer Wealth Management LLC purchased a new position in shares of Coeur Mining during the second quarter valued at approximately $57,000. WINTON GROUP Ltd purchased a new position in shares of Coeur Mining during the second quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Coeur Mining during the second quarter valued at approximately $59,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of CDE stock opened at $6.53 on Thursday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -21.06 and a beta of 1.65. The business’s fifty day moving average is $6.34 and its 200 day moving average is $5.77. Coeur Mining, Inc. has a twelve month low of $2.00 and a twelve month high of $7.72. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 business had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. During the same period in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. Research analysts expect that Coeur Mining, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted 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. Canaccord Genuity Group boosted their target price on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Roth Mkm boosted their target price on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Raymond James boosted their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Finally, Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.81.

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.