D. E. Shaw & Co. Inc. Purchases 104,886 Shares of Coeur Mining, Inc. (NYSE:CDE)

D. E. Shaw & Co. Inc. raised its position in Coeur Mining, Inc. (NYSE:CDE) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,871,557 shares of the basic materials company’s stock after buying an additional 104,886 shares during the period. D. E. Shaw & Co. Inc. owned about 1.22% of Coeur Mining worth $27,865,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Merit Financial Group LLC boosted its position in Coeur Mining by 5.4% in the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock valued at $181,000 after buying an additional 1,607 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Coeur Mining by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock valued at $1,803,000 after purchasing an additional 2,323 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Coeur Mining by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 2,624 shares during the period. Xponance Inc. lifted its stake in shares of Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 2,811 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Coeur Mining by 139.8% in the 4th 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 period. 63.01% of the stock is currently owned by institutional investors.

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 668,450 shares in the company, 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 can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Coeur Mining Stock Performance

CDE opened at $7.85 on Monday. The business’s 50-day moving average price is $5.84 and its two-hundred day moving average price is $6.14. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.85. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 65.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Coeur Mining’s revenue for the quarter was up 69.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. Equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

CDE has been the topic of a number of analyst reports. Roth Mkm cut their price target 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. Raymond James reissued an “outperform” rating and issued a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a research note on Friday, March 21st. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Coeur Mining currently has an average rating of “Buy” and a consensus target price of $8.10.

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.