Inceptionr LLC Raises Position in Coeur Mining, Inc. (NYSE:CDE)

Inceptionr LLC raised its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 171.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,597 shares of the basic materials company’s stock after purchasing an additional 26,881 shares during the period. Inceptionr LLC’s holdings in Coeur Mining were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Coeur Mining during the fourth quarter valued at approximately $3,738,000. Proficio Capital Partners LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth approximately $92,000. SBI Securities Co. Ltd. purchased a new stake in shares of Coeur Mining in the fourth quarter worth approximately $159,000. US Bancorp DE raised its holdings in shares of Coeur Mining by 595.5% in the fourth quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock worth $503,000 after buying an additional 75,314 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Coeur Mining by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company’s stock worth $7,143,000 after buying an additional 5,541 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 8.0 %

Shares of NYSE:CDE opened at $5.13 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.27 billion, a P/E ratio of 42.71 and a beta of 1.51. The business’s 50 day moving average is $6.17 and its 200 day moving average is $6.36. Coeur Mining, Inc. has a 52-week low of $2.98 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target on the stock. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Finally, Roth Mkm dropped their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.31.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.56% of the company’s stock.

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.