Quantbot Technologies LP Acquires New Position in Coeur Mining, Inc. (NYSE:CDE)

Quantbot Technologies LP acquired a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 350,115 shares of the basic materials company's stock, valued at approximately $2,003,000. Quantbot Technologies LP owned approximately 0.09% of Coeur Mining at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its stake in Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock worth $181,000 after buying an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Coeur Mining by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after purchasing an additional 2,323 shares in the last quarter. Xponance Inc. grew its stake in Coeur Mining by 10.9% in the fourth quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock valued at $164,000 after purchasing an additional 2,811 shares during the last quarter. GAMMA Investing LLC raised its holdings in Coeur Mining by 139.8% in the fourth 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 in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Coeur Mining by 0.9% during the fourth quarter. Rhumbline Advisers now owns 625,026 shares of the basic materials company's stock valued at $3,575,000 after buying an additional 5,328 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.56% of the company's stock.

Coeur Mining Price Performance

NYSE CDE traded up $0.20 during mid-day trading on Thursday, hitting $6.34. The stock had a trading volume of 19,281,827 shares, compared to its average volume of 10,716,949. The firm's 50 day moving average is $6.17 and its 200 day moving average is $6.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 52.80 and a beta of 1.51. Coeur Mining, Inc. has a twelve month low of $3.40 and a twelve month high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The firm 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%. Equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CDE. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and dropped their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, TD Securities assumed coverage on Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $8.05.

Coeur Mining Company 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.