16,153 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,153 shares of the basic materials company’s stock, valued at approximately $92,000.

Several other large investors have also recently bought and sold shares of CDE. Bank of New York Mellon Corp grew its holdings in shares of Coeur Mining by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company’s stock valued at $7,143,000 after buying an additional 5,541 shares during the period. Olympiad Research LP lifted its holdings in Coeur Mining by 75.0% during the fourth quarter. Olympiad Research LP now owns 38,561 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 16,523 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in Coeur Mining in the fourth quarter valued at about $573,000. Ieq Capital LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth about $186,000. Finally, Private Advisor Group LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth about $243,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of CDE opened at $5.95 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. Coeur Mining, Inc. has a 12 month low of $2.98 and a 12 month high of $7.72. The firm has a fifty day simple moving average of $6.16 and a 200 day simple moving average of $6.35. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 49.55 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $8.75 to $8.25 in a report on Friday, February 21st. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday. TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Cormark upgraded Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $8.05.

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.