Bridgefront Capital LLC Acquires New Shares in Coeur Mining, Inc. (NYSE:CDE)

Bridgefront Capital LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,576 shares of the basic materials company’s stock, valued at approximately $78,000.

Several other hedge funds have also recently modified their holdings of the business. Bayesian Capital Management LP bought a new stake in Coeur Mining in the 4th quarter worth about $273,000. Ameriprise Financial Inc. grew its stake in shares of Coeur Mining by 2,776.5% in the fourth quarter. Ameriprise Financial Inc. now owns 861,797 shares of the basic materials company’s stock worth $4,929,000 after acquiring an additional 831,837 shares during the period. Aristeia Capital L.L.C. raised its holdings in shares of Coeur Mining by 98.9% during the fourth quarter. Aristeia Capital L.L.C. now owns 105,743 shares of the basic materials company’s stock valued at $605,000 after purchasing an additional 52,566 shares during the last quarter. Orion Resource Partners LP lifted its position in Coeur Mining by 26.7% during the fourth quarter. Orion Resource Partners LP now owns 38,079 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 8,025 shares during the period. Finally, Freestone Grove Partners LP bought a new position in Coeur Mining during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 12.6 %

Shares of NYSE:CDE opened at $7.85 on Friday. The stock has a 50 day moving average of $5.84 and a 200 day moving average of $6.16. The company has a market cap of $5.02 billion, a PE ratio of 65.42 and a beta of 1.24. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $7.85. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The company’s revenue for the quarter was up 69.0% on a year-over-year basis. During the same period last year, the company earned ($0.05) earnings per share. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CDE. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. 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. Roth Mkm reduced their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of “Buy” and an average target price of $8.10.

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.