Orion Resource Partners LP Purchases 8,025 Shares of Coeur Mining, Inc. (NYSE:CDE)

Orion Resource Partners LP increased its position in Coeur Mining, Inc. (NYSE:CDE) by 26.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,079 shares of the basic materials company’s stock after acquiring an additional 8,025 shares during the period. Coeur Mining comprises about 0.0% of Orion Resource Partners LP’s investment portfolio, making the stock its 13th biggest holding. Orion Resource Partners LP’s holdings in Coeur Mining were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CDE. Freestone Grove Partners LP bought a new stake in shares of Coeur Mining during the 4th quarter valued at about $65,000. Schonfeld Strategic Advisors LLC bought a new stake in Coeur Mining during the fourth quarter valued at approximately $591,000. Northern Trust Corp grew its position in Coeur Mining by 10.4% during the fourth quarter. Northern Trust Corp now owns 3,926,815 shares of the basic materials company’s stock valued at $22,461,000 after buying an additional 369,496 shares during the period. Optiver Holding B.V. increased its holdings in Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after buying an additional 4,903 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in Coeur Mining by 182.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 1,430,660 shares of the basic materials company’s stock worth $8,183,000 after acquiring an additional 923,283 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

Coeur Mining Stock Performance

NYSE CDE opened at $5.41 on Friday. 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 twelve month low of $4.36 and a twelve month high of $7.72. The business has a 50-day moving average price of $5.71 and a 200-day moving average price of $6.19. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 45.06 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CDE. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. Raymond James reissued an “outperform” rating and set a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price objective on the stock. Roth Mkm lowered their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining has a consensus rating of “Buy” and an average price target of $8.10.

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.