XTX Topco Ltd Makes New $1.31 Million Investment in Coeur Mining, Inc. (NYSE:CDE)

XTX Topco Ltd acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 190,510 shares of the basic materials company's stock, valued at approximately $1,311,000.

A number of other large investors also recently made changes to their positions in the company. Jennison Associates LLC purchased a new position in Coeur Mining in the third quarter worth $579,000. Van ECK Associates Corp raised its holdings in Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock valued at $251,629,000 after acquiring an additional 365,115 shares during the period. U S Global Investors Inc. raised its stake in shares of Coeur Mining by 160.4% during the 3rd quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company's stock valued at $4,032,000 after purchasing an additional 361,000 shares during the period. AQR Capital Management LLC increased its position in shares of Coeur Mining by 84.6% during the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company's stock valued at $2,740,000 after buying an additional 223,529 shares during the period. Finally, Bank of Montreal Can lifted its stake in Coeur Mining by 19.1% in the 2nd quarter. Bank of Montreal Can now owns 804,183 shares of the basic materials company's stock worth $4,520,000 after purchasing an additional 129,117 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Performance

NYSE CDE traded up $0.46 during trading hours on Monday, hitting $7.11. The company's stock had a trading volume of 15,586,500 shares, compared to its average volume of 8,002,473. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. Coeur Mining, Inc. has a 12 month low of $2.42 and a 12 month high of $7.72. The company has a market cap of $2.84 billion, a P/E ratio of -236.92 and a beta of 1.60. The company's 50 day simple moving average is $6.57 and its two-hundred day simple moving average is $6.23.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on CDE. BMO Capital Markets raised their price target on Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Canaccord Genuity Group lifted their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th. Raymond James lifted their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Finally, StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coeur Mining presently has a consensus rating of "Moderate Buy" and an average target price of $7.81.

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.