XTX Topco Ltd Sells 19,121 Shares of Coeur Mining, Inc. (NYSE:CDE)

XTX Topco Ltd decreased its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 171,389 shares of the basic materials company’s stock after selling 19,121 shares during the period. XTX Topco Ltd’s holdings in Coeur Mining were worth $980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CDE. Merit Financial Group LLC increased its stake in shares of Coeur Mining by 5.4% during the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 1,607 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Coeur Mining by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock worth $1,803,000 after buying an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Coeur Mining by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock valued at $236,000 after buying an additional 2,624 shares during the period. Xponance Inc. lifted its position in shares of Coeur Mining by 10.9% in the fourth quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock valued at $164,000 after buying an additional 2,811 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after buying an additional 3,359 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Securities assumed coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price objective on the stock. Raymond James reiterated an “outperform” rating and issued a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Roth Mkm dropped their price target on 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, five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $8.10.

Coeur Mining Trading Up 0.2 %

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

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate 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, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

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.