Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lifted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 502.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,282 shares of the basic materials company’s stock after buying an additional 147,878 shares during the period. Brevan Howard Capital Management LP’s holdings in Coeur Mining were worth $1,014,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares during the period. Quarry LP lifted its holdings in Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. grew its position in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after buying an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Coeur Mining during the 4th quarter valued at about $57,000. Finally, ZEGA Investments LLC bought a new stake in shares of Coeur Mining during the 4th quarter worth about $64,000. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were bought 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 owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CDE has been the topic of a number of research analyst reports. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. Roth Mkm cut their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. TD Securities began coverage on Coeur Mining in a report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price on the stock. Finally, Raymond James reissued an “outperform” rating and issued a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coeur Mining has a consensus rating of “Buy” and an average target price of $8.10.

Coeur Mining Stock Performance

Shares of CDE opened at $5.75 on Thursday. Coeur Mining, Inc. has a 52 week low of $4.57 and a 52 week high of $7.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The company has a market capitalization of $3.67 billion, a PE ratio of 47.88 and a beta of 1.24. The company’s 50 day moving average price is $5.75 and its 200 day moving average price is $6.16.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The company’s revenue for the quarter was up 69.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. Research 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.