Fox Run Management L.L.C. Acquires 5,813 Shares of Coeur Mining, Inc. (NYSE:CDE)

Fox Run Management L.L.C. lifted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 45.9% during the 4th quarter, Holdings Channel reports. The firm owned 18,481 shares of the basic materials company’s stock after purchasing an additional 5,813 shares during the quarter. Fox Run Management L.L.C.’s holdings in Coeur Mining were worth $106,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CDE. GAMMA Investing LLC grew its position in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares during the period. FNY Investment Advisers LLC bought a new position in Coeur Mining during the fourth quarter worth $57,000. ZEGA Investments LLC acquired a new stake in Coeur Mining in the fourth quarter worth $64,000. Empowered Funds LLC acquired a new position in shares of Coeur Mining during the fourth quarter valued at about $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Coeur Mining during the 4th quarter worth about $69,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CDE shares. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $8.05.

Coeur Mining Stock Down 4.2 %

Coeur Mining stock opened at $6.08 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The stock has a market cap of $3.88 billion, a PE ratio of 50.63 and a beta of 1.51. Coeur Mining, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $7.72. The firm’s 50-day simple moving average is $6.18 and its 200 day simple moving average is $6.38.

Coeur Mining (NYSE:CDE) last announced its 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 the consensus estimate of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.56% of the company’s stock.

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.