Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 47.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 32,507 shares of the basic materials company’s stock after acquiring an additional 10,388 shares during the quarter. SG Americas Securities LLC’s holdings in Coeur Mining were worth $106,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CDE. Point72 Middle East FZE acquired a new stake in shares of Coeur Mining during the fourth quarter worth about $36,000. CI Private Wealth LLC acquired a new stake in Coeur Mining during the 4th quarter valued at approximately $39,000. Townsquare Capital LLC purchased a new stake in shares of Coeur Mining in the 4th quarter valued at $45,000. Public Employees Retirement System of Ohio increased its stake in shares of Coeur Mining by 70.1% in the third quarter. Public Employees Retirement System of Ohio now owns 13,980 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 5,760 shares during the period. Finally, Rathbones Group PLC purchased a new position in shares of Coeur Mining during the third quarter worth $35,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Coeur Mining stock opened at $4.50 on Friday. The stock has a market capitalization of $1.75 billion, a P/E ratio of -14.52 and a beta of 1.82. The company’s fifty day moving average price is $3.46 and its 200 day moving average price is $3.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $5.47.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The company had revenue of $262.10 million during the quarter.

Wall Street Analysts Forecast Growth

CDE has been the topic of several recent research reports. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. BMO Capital Markets raised their target price on Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Mkm started coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. Finally, Raymond James boosted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

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.