Coeur Mining, Inc. $CDE Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 54.3% during the second quarter, Holdings Channel.com reports. The fund owned 180,086 shares of the basic materials company’s stock after acquiring an additional 63,391 shares during the period. SG Americas Securities LLC’s holdings in Coeur Mining were worth $1,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CDE. Vanguard Group Inc. boosted its stake in Coeur Mining by 57.3% in the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after purchasing an additional 23,303,638 shares in the last quarter. Sprott Inc. raised its holdings in shares of Coeur Mining by 889.3% in the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock worth $66,963,000 after buying an additional 10,180,102 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Coeur Mining by 72.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock worth $106,801,000 after buying an additional 7,579,901 shares during the last quarter. Pale Fire Capital SE acquired a new stake in shares of Coeur Mining during the first quarter worth $29,143,000. Finally, Nuveen LLC acquired a new stake in shares of Coeur Mining during the first quarter worth $27,519,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coeur Mining

In other news, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,197,309 shares of the company’s stock, valued at $32,190,576.85. The trade was a 5.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

CDE has been the topic of several research reports. TD Securities upped their target price on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded Coeur Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday, October 30th. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Coeur Mining presently has an average rating of “Buy” and an average target price of $16.32.

Coeur Mining Stock Performance

Shares of CDE stock opened at $13.86 on Friday. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $23.61. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market cap of $8.90 billion, a PE ratio of 21.00 and a beta of 1.21. The business has a 50-day simple moving average of $17.62 and a 200-day simple moving average of $12.50.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 17.01% and a net margin of 24.03%.The firm’s revenue was up 76.9% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. On average, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.