200,609 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 200,609 shares of the basic materials company's stock, valued at approximately $1,148,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Coeur Mining at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CDE. Vanguard Group Inc. increased its holdings in Coeur Mining by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after purchasing an additional 3,178,785 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 worth $8,419,000 after buying an additional 1,055,084 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Coeur Mining during the 4th quarter worth approximately $4,439,000. JPMorgan Chase & Co. increased its position in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after acquiring an additional 665,452 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Coeur Mining during the fourth quarter valued at $3,738,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was purchased 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 of the company's stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.56% of the stock is owned by insiders.

Coeur Mining Stock Performance

CDE stock traded up $0.46 during midday trading on Friday, hitting $5.95. The company's stock had a trading volume of 8,514,227 shares, compared to its average volume of 11,317,803. Coeur Mining, Inc. has a 1 year low of $4.03 and a 1 year high of $7.72. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 49.63 and a beta of 1.35. The stock's 50-day moving average price is $5.94 and its 200 day moving average price is $6.28. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. On average, equities analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

CDE has been the topic of several analyst reports. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. BMO Capital Markets started 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. TD Securities initiated coverage on Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. One investment 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. According to MarketBeat.com, Coeur Mining 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.