Coeur Mining, Inc. (NYSE:CDE) Shares Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 110.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 83,408 shares of the basic materials company’s stock after acquiring an additional 43,707 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Coeur Mining were worth $477,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CDE. Quarry LP raised its position in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. grew its holdings in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after buying an additional 4,903 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of Coeur Mining during the fourth quarter worth $60,000. ZEGA Investments LLC purchased a new stake in shares of Coeur Mining during the fourth quarter worth $64,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Coeur Mining during the fourth quarter worth $65,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Trading Up 0.6%

Shares of CDE opened at $7.46 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. Coeur Mining, Inc. has a 12-month low of $4.57 and a 12-month high of $7.85. The firm has a 50-day moving average price of $6.04 and a 200 day moving average price of $6.17. The firm has a market capitalization of $4.77 billion, a P/E ratio of 62.14 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. During the same period last year, the company earned ($0.05) earnings per share. Coeur Mining’s revenue was up 69.0% on a year-over-year basis. Sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of research reports. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. TD Securities initiated coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price for the company. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. Finally, TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and an average target price of $8.10.

Insiders Place Their Bets

In related news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the transaction, the chief accounting officer now directly owns 122,104 shares of the company’s stock, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Coeur Mining 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.