Intech Investment Management LLC Buys 76,700 Shares of Coeur Mining, Inc. (NYSE:CDE)

Intech Investment Management LLC boosted its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 82.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,947 shares of the basic materials company's stock after purchasing an additional 76,700 shares during the quarter. Intech Investment Management LLC's holdings in Coeur Mining were worth $972,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth about $57,000. Empowered Funds LLC acquired a new stake in shares of Coeur Mining during the fourth quarter worth about $66,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Coeur Mining during the 4th quarter valued at about $69,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Coeur Mining in the 4th quarter valued at approximately $92,000. Institutional investors own 63.01% of the company's stock.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.56% of the stock is currently owned by corporate insiders.

Coeur Mining Stock Performance

NYSE CDE traded down $0.22 during trading on Wednesday, reaching $6.14. 12,742,906 shares of the company's stock were exchanged, compared to its average volume of 10,659,280. 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 business has a 50 day moving average price of $6.18 and a 200-day moving average price of $6.38. The stock has a market capitalization of $3.92 billion, a P/E ratio of 51.13 and a beta of 1.51. Coeur Mining, Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $314.32 million. Sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CDE shares. Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and cut their price target for the company from $8.75 to $8.25 in a report on Friday, February 21st. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. TD Securities assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets began coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. One analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $8.05.

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.