Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Old West Investment Management LLC

Old West Investment Management LLC grew its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 54.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,716 shares of the basic materials company's stock after purchasing an additional 135,716 shares during the period. Old West Investment Management LLC owned approximately 0.10% of Coeur Mining worth $2,654,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CDE. BNP Paribas Financial Markets lifted its holdings in shares of Coeur Mining by 149.1% in the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company's stock worth $1,221,000 after acquiring an additional 193,912 shares during the last quarter. Capstone Investment Advisors LLC grew its stake in shares of Coeur Mining by 167.6% during the first quarter. Capstone Investment Advisors LLC now owns 106,857 shares of the basic materials company's stock valued at $403,000 after buying an additional 66,929 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Coeur Mining by 247.7% in the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company's stock worth $426,000 after buying an additional 80,531 shares during the period. Swiss National Bank lifted its stake in shares of Coeur Mining by 8.5% during the 1st quarter. Swiss National Bank now owns 755,500 shares of the basic materials company's stock worth $2,848,000 after acquiring an additional 59,500 shares during the last quarter. Finally, Fore Capital LLC purchased a new position in Coeur Mining during the 1st quarter valued at $211,000. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CDE has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Raymond James raised their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Canaccord Genuity Group boosted their price target 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 raised their price objective on Coeur Mining from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, Cantor Fitzgerald lowered Coeur Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.81.

Coeur Mining Stock Down 2.6 %

Coeur Mining stock traded down $0.16 during midday trading on Wednesday, reaching $5.91. The company's stock had a trading volume of 15,386,712 shares, compared to its average volume of 7,760,546. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The stock has a market capitalization of $2.36 billion, a P/E ratio of -28.93 and a beta of 1.65. The stock's 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.00. Coeur Mining, Inc. has a 52-week low of $2.00 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. Coeur Mining's revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.14 EPS for the current 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.