Arrowstreet Capital Limited Partnership Has $8.42 Million Stake in Coeur Mining, Inc. (NYSE:CDE)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 253.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471,887 shares of the basic materials company's stock after acquiring an additional 1,055,084 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.37% of Coeur Mining worth $8,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC boosted its position in shares of Coeur Mining by 1,011.0% in the 3rd quarter. FMR LLC now owns 137,504 shares of the basic materials company's stock valued at $946,000 after purchasing an additional 125,127 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Coeur Mining by 6.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 853,418 shares of the basic materials company's stock valued at $5,872,000 after buying an additional 50,535 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Coeur Mining during the third quarter valued at about $183,000. Wellington Management Group LLP boosted its holdings in shares of Coeur Mining by 14.1% in the third quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock worth $6,413,000 after buying an additional 114,870 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Coeur Mining in the third quarter worth approximately $1,311,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CDE has been the subject of several research analyst reports. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price for the company. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. TD Securities assumed coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target on the stock. Finally, National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Coeur Mining currently has an average rating of "Buy" and a consensus price target of $8.10.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were bought 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.56% of the company's stock.

Coeur Mining Stock Up 7.8 %

NYSE CDE traded up $0.43 on Friday, reaching $5.92. The stock had a trading volume of 19,000,115 shares, compared to its average volume of 11,367,983. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 1 year low of $4.03 and a 1 year high of $7.72. The business has a 50 day moving average price of $5.92 and a 200 day moving average price of $6.27. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 49.32 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. On average, analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal 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.