Landscape Capital Management L.L.C. Boosts Position in Coeur Mining, Inc. (NYSE:CDE)

Landscape Capital Management L.L.C. grew its holdings in Coeur Mining, Inc. (NYSE:CDE) by 205.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,116 shares of the basic materials company’s stock after acquiring an additional 115,753 shares during the period. Landscape Capital Management L.L.C.’s holdings in Coeur Mining were worth $985,000 at the end of the most recent quarter.

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

Coeur Mining Trading Down 11.7 %

Shares of Coeur Mining stock opened at $4.85 on Friday. The firm’s 50-day moving average price is $6.10 and its 200 day moving average price is $6.35. Coeur Mining, Inc. has a twelve month low of $4.03 and a twelve month high of $7.72. The firm has a market capitalization of $3.09 billion, a PE ratio of 40.38 and a beta of 1.51. 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 (NYSE:CDE) last released its 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. 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 analyst estimates of $314.32 million. On average, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now directly 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 filing with the SEC, which is available at the SEC website. Insiders own 1.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CDE. BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. Roth Mkm dropped their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. Finally, TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $8.05.

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.