Two Sigma Advisers LP Has $29.11 Million Stock Holdings in Coeur Mining, Inc. (NYSE:CDE)

Two Sigma Advisers LP grew its position in Coeur Mining, Inc. (NYSE:CDE) by 404.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,089,100 shares of the basic materials company’s stock after buying an additional 4,080,600 shares during the period. Two Sigma Advisers LP owned 1.27% of Coeur Mining worth $29,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDE. Merit Financial Group LLC lifted its stake in shares of Coeur Mining by 5.4% during the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 1,607 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Coeur Mining by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock worth $1,803,000 after purchasing an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Coeur Mining by 6.8% during 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 position in Coeur Mining by 10.9% during 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, Optiver Holding B.V. boosted its stake in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 4,903 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, for a total transaction 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. This trade represents a 1.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the sale, the chief accounting officer now owns 122,104 shares in the company, valued at $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Coeur Mining Trading Up 5.1%

Shares of NYSE CDE opened at $7.83 on Wednesday. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month high of $7.88. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 65.26 and a beta of 1.24. 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 company’s fifty day moving average is $6.11 and its 200-day moving average is $6.19.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping 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%. During the same quarter last year, the firm earned ($0.05) EPS. The company’s quarterly revenue was up 69.0% on a year-over-year basis. Equities research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

CDE has been the subject of a number of recent research reports. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price target for the company. TD Securities initiated 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 raised Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Finally, National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining presently has an average 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.