Counterpoint Mutual Funds LLC Takes $288,000 Position in Coeur Mining, Inc. (NYSE:CDE)

Counterpoint Mutual Funds LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,385 shares of the basic materials company's stock, valued at approximately $288,000.

A number of other large investors have also made changes to their positions in the stock. Cibc World Markets Corp purchased a new position in Coeur Mining in the fourth quarter worth approximately $212,000. First Eagle Investment Management LLC grew its position in Coeur Mining by 1.2% in the fourth quarter. First Eagle Investment Management LLC now owns 2,504,978 shares of the basic materials company's stock worth $14,328,000 after acquiring an additional 30,600 shares during the period. Commonwealth Equity Services LLC grew its position in Coeur Mining by 103.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 52,031 shares of the basic materials company's stock worth $298,000 after acquiring an additional 26,493 shares during the period. Swiss National Bank grew its position in Coeur Mining by 0.7% in the fourth quarter. Swiss National Bank now owns 785,300 shares of the basic materials company's stock worth $4,492,000 after acquiring an additional 5,700 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in Coeur Mining in the fourth quarter worth approximately $325,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CDE shares. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective for the company. Roth Mkm lowered their price target on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective for the company. TD Cowen raised Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Raymond James raised Coeur Mining from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $8.75 to $8.25 in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $8.05.

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Coeur Mining Stock Down 3.3 %

NYSE:CDE traded down $0.22 during midday trading on Friday, reaching $6.21. The company had a trading volume of 27,018,276 shares, compared to its average volume of 10,554,318. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 51.71 and a beta of 1.51. The stock's fifty day simple moving average is $6.17 and its 200-day simple moving average is $6.35. Coeur Mining, Inc. has a 12-month low of $3.31 and a 12-month high of $7.72. 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 (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was bought 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 of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.56% of the stock is currently owned by company insiders.

Coeur Mining Company 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.