Dynamic Technology Lab Private Ltd Makes New $1.15 Million Investment in Coeur Mining, Inc. (NYSE:CDE)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 200,609 shares of the basic materials company’s stock, valued at approximately $1,148,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Coeur Mining at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth $57,000. ZEGA Investments LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth $64,000. Empowered Funds LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Coeur Mining in the fourth quarter valued at $69,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Performance

Shares of CDE stock opened at $4.85 on Friday. The firm has a 50 day moving average of $6.10 and a 200-day moving average of $6.35. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 40.38 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 52 week low of $4.03 and a 52 week high of $7.72.

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

Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining 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 purchase, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Cormark upgraded Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. TD Securities began coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price for the company. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Roth Mkm decreased their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.05.

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.