ExodusPoint Capital Management LP Acquires 317,503 Shares of Coeur Mining, Inc. (NYSE:CDE)

ExodusPoint Capital Management LP lifted its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 187.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 486,681 shares of the basic materials company's stock after acquiring an additional 317,503 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.12% of Coeur Mining worth $2,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after purchasing an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Coeur Mining during the fourth quarter worth $57,000. ZEGA Investments LLC bought a new stake in Coeur Mining during the fourth quarter worth $64,000. Empowered Funds LLC acquired a new stake in Coeur Mining in the fourth quarter valued at $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Coeur Mining in the 4th quarter valued at about $69,000. Institutional investors own 63.01% of the company's stock.

Analyst Ratings Changes

CDE has been the subject of several recent analyst reports. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Cormark raised Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Coeur Mining has a consensus rating of "Buy" and an average target price of $8.10.

Coeur Mining Stock Performance

NYSE:CDE traded up $0.43 during mid-day trading on Friday, reaching $5.92. 19,000,115 shares of the company's stock were exchanged, compared to its average volume of 11,367,991. Coeur Mining, Inc. has a one year low of $4.03 and a one year high of $7.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The business's fifty day simple moving average is $5.92 and its two-hundred day simple moving average is $6.27. The firm has a market capitalization of $3.78 billion, a PE ratio of 49.32 and a beta of 1.35.

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

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 of the company's stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.56% of the company's stock.

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.