93,247 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 93,247 shares of the basic materials company’s stock, valued at approximately $642,000.

Several other hedge funds also recently bought and sold shares of CDE. Jennison Associates LLC bought a new stake in shares of Coeur Mining in the 3rd quarter valued at $579,000. Aigen Investment Management LP increased its holdings in shares of Coeur Mining by 415.4% in the third quarter. Aigen Investment Management LP now owns 103,886 shares of the basic materials company’s stock worth $715,000 after acquiring an additional 83,730 shares in the last quarter. Chartwell Investment Partners LLC acquired a new stake in shares of Coeur Mining during the third quarter worth about $1,066,000. Harvest Portfolios Group Inc. bought a new position in shares of Coeur Mining during the 3rd quarter valued at about $665,000. Finally, Old West Investment Management LLC grew its position in shares of Coeur Mining by 54.3% in the 3rd quarter. Old West Investment Management LLC now owns 385,716 shares of the basic materials company’s stock valued at $2,654,000 after purchasing an additional 135,716 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Canaccord Genuity Group increased their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. 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. Finally, Raymond James upped their price target on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Stock Performance

CDE opened at $6.46 on Friday. The business’s 50-day simple moving average is $6.63 and its 200 day simple moving average is $6.18. 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 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The firm has a market capitalization of $2.58 billion, a PE ratio of -215.33 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business’s revenue was up 61.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.15 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.