Jump Financial LLC Boosts Position in Coeur Mining, Inc. (NYSE:CDE)

Jump Financial LLC raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 660.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,112,655 shares of the basic materials company’s stock after purchasing an additional 966,298 shares during the period. Jump Financial LLC’s holdings in Coeur Mining were worth $6,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after buying an additional 665,452 shares in the last quarter. US Bancorp DE boosted its stake in Coeur Mining by 595.5% in the fourth quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock valued at $503,000 after acquiring an additional 75,314 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in Coeur Mining in the fourth quarter valued at $267,000. FMR LLC grew its holdings in shares of Coeur Mining by 1,011.0% during the third quarter. FMR LLC now owns 137,504 shares of the basic materials company’s stock worth $946,000 after purchasing an additional 125,127 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Coeur Mining by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after purchasing an additional 89,863 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

NYSE:CDE opened at $6.08 on Wednesday. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 50.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. Coeur Mining, Inc. has a 1-year low of $4.03 and a 1-year high of $7.72. The firm’s fifty day moving average price is $5.88 and its 200 day moving average price is $6.25.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now directly 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 Securities & Exchange Commission, which is available through the SEC website. 1.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CDE. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Raymond James reissued an “outperform” rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. Roth Mkm decreased 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 note on Friday, February 21st. Finally, Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.