Aigen Investment Management LP Buys 83,730 Shares of Coeur Mining, Inc. (NYSE:CDE)

Aigen Investment Management LP raised its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 415.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,886 shares of the basic materials company's stock after acquiring an additional 83,730 shares during the period. Aigen Investment Management LP's holdings in Coeur Mining were worth $715,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Coeur Mining by 149.1% during the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company's stock worth $1,221,000 after purchasing an additional 193,912 shares during the period. SG Americas Securities LLC raised its position in Coeur Mining by 247.7% during the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company's stock valued at $426,000 after purchasing an additional 80,531 shares in the last quarter. Swiss National Bank grew its position in Coeur Mining by 8.5% in the first quarter. Swiss National Bank now owns 755,500 shares of the basic materials company's stock valued at $2,848,000 after acquiring an additional 59,500 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Coeur Mining by 32.4% in the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company's stock worth $92,000 after acquiring an additional 5,956 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Coeur Mining by 17.6% in the 1st quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company's stock valued at $243,000 after purchasing an additional 9,648 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Up 2.0 %

Shares of CDE traded up $0.12 during trading hours on Thursday, hitting $6.20. The stock had a trading volume of 8,386,303 shares, compared to its average volume of 7,897,361. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. Coeur Mining, Inc. has a 1-year low of $2.30 and a 1-year high of $7.72. The firm has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $6.06. The firm has a market capitalization of $2.48 billion, a P/E ratio of -202.60 and a beta of 1.65.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm's revenue was up 61.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. Sell-side analysts predict that Coeur Mining, Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CDE. Roth Mkm reiterated a "buy" rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Raymond James upped their price objective on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. Canaccord Genuity Group raised their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a research note on Tuesday, October 8th. BMO Capital Markets increased their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Finally, Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.81.

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.