Quantbot Technologies LP Makes New $2 Million Investment in Coeur Mining, Inc. (NYSE:CDE)

Quantbot Technologies LP purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, Holdings Channel.com reports. The firm purchased 350,115 shares of the basic materials company’s stock, valued at approximately $2,003,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC purchased a new position in Coeur Mining during the 3rd quarter worth $579,000. Intech Investment Management LLC purchased a new position in Coeur Mining during the 3rd quarter worth $642,000. Landscape Capital Management L.L.C. purchased a new position in Coeur Mining during the 3rd quarter worth $388,000. FMR LLC grew its stake in Coeur Mining by 1,011.0% during the 3rd quarter. FMR LLC now owns 137,504 shares of the basic materials company’s stock worth $946,000 after buying an additional 125,127 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in 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 buying an additional 199,919 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 3.3 %

Shares of NYSE CDE opened at $6.21 on Monday. The stock has a market cap of $3.96 billion, a P/E ratio of 51.71 and a beta of 1.51. 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, Inc. has a 12-month low of $3.36 and a 12-month high of $7.72. The business’s fifty day simple moving average is $6.17 and its 200-day simple moving average is $6.37.

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

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.56% of the company’s stock.

Analyst Upgrades and Downgrades

CDE has been the topic of several research analyst reports. BMO Capital Markets started coverage on Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. TD Securities started coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 price target on the stock. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Finally, Roth Mkm dropped their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.05.

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.