42,405 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Private Advisor Group LLC

Private Advisor Group LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,405 shares of the basic materials company’s stock, valued at approximately $243,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted 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 buying an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Coeur Mining during the fourth quarter valued at approximately $57,000. Empowered Funds LLC acquired a new position in Coeur Mining during the fourth quarter valued at approximately $66,000. Virtu Financial LLC acquired a new position in Coeur Mining during the third quarter valued at approximately $119,000. Finally, KBC Group NV lifted its position in Coeur Mining by 45.4% during the fourth quarter. KBC Group NV now owns 18,919 shares of the basic materials company’s stock valued at $108,000 after buying an additional 5,908 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Roth Mkm dropped 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, February 21st. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. One 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.31.

Coeur Mining Stock Down 2.0 %

Shares of NYSE:CDE opened at $5.50 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $6.38. The firm has a market cap of $3.51 billion, a PE ratio of 45.80 and a beta of 1.59. Coeur Mining, Inc. has a 12-month low of $2.98 and a 12-month high of $7.72.

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

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.56% of the company’s stock.

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.