Dark Forest Capital Management LP Buys 223,144 Shares of Coeur Mining, Inc. (NYSE:CDE)

Dark Forest Capital Management LP grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 1,063.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 244,120 shares of the basic materials company's stock after purchasing an additional 223,144 shares during the period. Dark Forest Capital Management LP owned about 0.06% of Coeur Mining worth $1,396,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CDE. Vanguard Group Inc. grew its stake in Coeur Mining by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after buying an additional 3,178,785 shares during the last quarter. Marshall Wace LLP grew its position in Coeur Mining by 12,934.3% during the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after acquiring an additional 2,948,880 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Coeur Mining by 253.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock valued at $8,419,000 after purchasing an additional 1,055,084 shares in the last quarter. Jump Financial LLC increased its holdings in Coeur Mining by 660.2% during the 4th quarter. Jump Financial LLC now owns 1,112,655 shares of the basic materials company's stock valued at $6,364,000 after purchasing an additional 966,298 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Coeur Mining by 5,955.9% in the 4th quarter. First Trust Advisors LP now owns 812,272 shares of the basic materials company's stock valued at $4,646,000 after purchasing an additional 798,859 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. 1.56% of the stock is owned by corporate insiders.

Coeur Mining Stock Down 2.9 %

Shares of NYSE CDE traded down $0.17 during mid-day trading on Friday, reaching $5.67. 10,658,214 shares of the company's stock were exchanged, compared to its average volume of 11,572,608. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $5.73 and a 200 day simple moving average of $6.21. Coeur Mining, Inc. has a twelve month low of $4.36 and a twelve month high of $7.72. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 47.25 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CDE shares. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective for the company. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price for the company. Roth Mkm decreased their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Cormark raised Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus 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.