Coeur Mining, Inc. (NYSE:CDE) Stock Holdings Increased by Tidal Investments LLC

Tidal Investments LLC lifted its stake in Coeur Mining, Inc. (NYSE:CDE) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,343,775 shares of the basic materials company’s stock after purchasing an additional 1,332,684 shares during the quarter. Coeur Mining accounts for 0.6% of Tidal Investments LLC’s portfolio, making the stock its 16th largest position. Tidal Investments LLC’s holdings in Coeur Mining were worth $76,326,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CDE. Vanguard Group Inc. raised its position in shares of Coeur Mining by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after purchasing an additional 3,178,785 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Coeur Mining by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company’s stock valued at $98,137,000 after purchasing an additional 282,885 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Coeur Mining by 2.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,871,557 shares of the basic materials company’s stock valued at $27,865,000 after purchasing an additional 104,886 shares during the period. Nuveen Asset Management LLC raised its position in shares of Coeur Mining by 48.3% in the fourth quarter. Nuveen Asset Management LLC now owns 4,077,705 shares of the basic materials company’s stock valued at $23,324,000 after purchasing an additional 1,327,622 shares during the period. Finally, Northern Trust Corp raised its position in shares of Coeur Mining by 10.4% in the fourth quarter. Northern Trust Corp now owns 3,926,815 shares of the basic materials company’s stock valued at $22,461,000 after purchasing an additional 369,496 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.40, for a total value of $91,390.00. Following the sale, the chief accounting officer now owns 122,104 shares of the company’s stock, valued at $903,569.60. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction 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 acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Coeur Mining Trading Up 0.6%

Shares of Coeur Mining stock opened at $7.46 on Friday. The company’s fifty day simple moving average is $6.04 and its 200-day simple moving average is $6.17. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 62.14 and a beta of 1.24. 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 1 year low of $4.57 and a 1 year high of $7.85.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping 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%. Coeur Mining’s quarterly revenue was up 69.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) EPS. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CDE. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. TD Securities began coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price target on the stock. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Raymond James restated an “outperform” rating and issued a $8.50 price objective on shares of Coeur Mining in a research note on Wednesday, April 2nd. Finally, Roth Mkm lowered their price objective on shares of 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 investment analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $8.10.

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.