Intech Investment Management LLC Invests $642,000 in Coeur Mining, Inc. (NYSE:CDE)

Intech Investment Management LLC purchased a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 93,247 shares of the basic materials company's stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CDE. Jennison Associates LLC acquired a new position in Coeur Mining during the 3rd quarter valued at about $579,000. Van ECK Associates Corp boosted its position in shares of Coeur Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock worth $251,629,000 after buying an additional 365,115 shares during the period. U S Global Investors Inc. boosted its position in shares of Coeur Mining by 160.4% during the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company's stock worth $4,032,000 after buying an additional 361,000 shares during the period. AQR Capital Management LLC grew its holdings in Coeur Mining by 84.6% in the 2nd quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company's stock worth $2,740,000 after buying an additional 223,529 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Coeur Mining by 19.1% in the 2nd quarter. Bank of Montreal Can now owns 804,183 shares of the basic materials company's stock valued at $4,520,000 after acquiring an additional 129,117 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Raymond James raised their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.81.

Coeur Mining Stock Performance

Shares of CDE traded down $0.03 during mid-day trading on Friday, hitting $6.46. The company's stock had a trading volume of 4,843,657 shares, compared to its average volume of 10,059,099. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The firm has a 50-day moving average price of $6.63 and a 200 day moving average price of $6.18. Coeur Mining, Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The firm's quarterly revenue was up 61.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.15 EPS for the current year.

About Coeur Mining

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.