Olympiad Research LP Increases Holdings in Coeur Mining, Inc. (NYSE:CDE)

Olympiad Research LP lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 75.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 38,561 shares of the basic materials company’s stock after buying an additional 16,523 shares during the period. Olympiad Research LP’s holdings in Coeur Mining were worth $221,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Coeur Mining by 88.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after purchasing an additional 665,452 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after purchasing an additional 365,115 shares during the last quarter. Barclays PLC raised its position in shares of Coeur Mining by 59.2% during the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock worth $6,624,000 after purchasing an additional 358,097 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Coeur Mining by 180.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after purchasing an additional 199,919 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Coeur Mining during the 3rd quarter worth approximately $1,311,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Down 10.7 %

Shares of Coeur Mining stock opened at $5.45 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $6.31 and a 200 day moving average price of $6.41. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 45.38 and a beta of 1.59. Coeur Mining, Inc. has a twelve month low of $2.42 and a twelve month high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CDE. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price target for the company from $8.75 to $8.25 in a report on Friday. BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. Cormark upgraded Coeur Mining to a “moderate buy” rating in a report on Thursday. Finally, Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $8.31.

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.