ZEGA Investments LLC Takes $64,000 Position in Coeur Mining, Inc. (NYSE:CDE)

ZEGA Investments LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,100 shares of the basic materials company’s stock, valued at approximately $64,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining in the 4th quarter valued at $57,000. Empowered Funds LLC bought a new position in shares of Coeur Mining in the 4th quarter valued at $66,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Coeur Mining in the 4th quarter valued at $69,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Coeur Mining in the 4th quarter valued at $92,000. 63.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CDE shares. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price for the company. Roth Mkm lowered their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Cormark raised Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Finally, TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and a consensus price target of $8.05.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $6.21 on Friday. 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 business has a 50-day moving average price of $6.17 and a two-hundred day moving average price of $6.35. The company has a market cap of $3.96 billion, a P/E ratio of 51.71 and a beta of 1.51. Coeur Mining, Inc. has a 1-year low of $3.31 and a 1-year high of $7.72.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $305.40 million during 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%. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.