Coeur Mining, Inc. (NYSE:CDE) Stake Increased by CenterBook Partners LP

CenterBook Partners LP grew its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 210.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,434 shares of the basic materials company's stock after purchasing an additional 131,714 shares during the quarter. CenterBook Partners LP's holdings in Coeur Mining were worth $1,112,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. FMR LLC increased its stake in Coeur Mining by 1,011.0% during the third 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 last quarter. Wellington Management Group LLP grew its position in shares of Coeur Mining by 14.1% during the 3rd quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock valued at $6,413,000 after buying an additional 114,870 shares during the last quarter. Barclays PLC raised its stake in Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after acquiring an additional 358,097 shares during the period. Geode Capital Management LLC lifted its holdings in Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock worth $62,937,000 after acquiring an additional 89,863 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Coeur Mining in the third quarter valued at approximately $119,000. Institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

Shares of CDE traded down $0.27 during midday trading on Thursday, reaching $6.01. The stock had a trading volume of 7,551,686 shares, compared to its average volume of 11,373,667. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company has a market capitalization of $3.84 billion, a P/E ratio of 50.21 and a beta of 1.35. The firm's 50 day moving average price is $5.87 and its 200-day moving average price is $6.25. Coeur Mining, Inc. has a 52 week low of $4.03 and a 52 week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The company 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 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CDE has been the topic of several recent research 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 report on Friday, February 21st. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price on the stock. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Raymond James reaffirmed an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. 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 company's stock. According to data from MarketBeat.com, Coeur Mining 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.