Martingale Asset Management L P Acquires New Shares in Coeur Mining, Inc. (NYSE:CDE)

Martingale Asset Management L P acquired a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 108,561 shares of the basic materials company's stock, valued at approximately $747,000.

A number of other institutional investors have also recently made changes to their positions in CDE. CWM LLC lifted its position in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company's stock worth $28,000 after acquiring an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Coeur Mining during the 2nd quarter worth about $49,000. Hohimer Wealth Management LLC acquired a new stake in Coeur Mining during the 2nd quarter worth about $57,000. WINTON GROUP Ltd acquired a new stake in Coeur Mining during the 2nd quarter worth about $57,000. Finally, CIBC Asset Management Inc acquired a new stake in Coeur Mining during the 2nd quarter worth about $59,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Canaccord Genuity Group boosted their price objective on Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a report on Tuesday, October 8th. Roth Mkm reissued a "buy" rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Raymond James lifted their price target on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. Finally, Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.81.

Coeur Mining Stock Performance

Shares of CDE stock traded up $0.53 during trading hours on Tuesday, reaching $6.72. The company had a trading volume of 13,234,279 shares, compared to its average volume of 9,774,050. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The stock has a fifty day moving average of $6.62 and a 200-day moving average of $6.19. Coeur Mining, Inc. has a 12-month low of $2.42 and a 12-month high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business's revenue was up 61.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. As a group, equities analysts forecast that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

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.