ZEGA Investments LLC Purchases New Position in Coeur Mining, Inc. (NYSE:CDE)

ZEGA Investments LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,100 shares of the basic materials company’s stock, valued at approximately $64,000.

Other large investors have also added to or reduced their stakes in the company. Merit Financial Group LLC lifted its position 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 buying an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Coeur Mining by 0.7% during the 4th 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 in the last quarter. Xponance Inc. lifted its position in shares of Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock worth $164,000 after buying an additional 2,811 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 3,359 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Coeur Mining by 0.9% during the 4th quarter. Rhumbline Advisers now owns 625,026 shares of the basic materials company’s stock worth $3,575,000 after buying an additional 5,328 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CDE. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target on the stock. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Finally, TD Securities initiated coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $8.05.

Coeur Mining Stock Down 3.3 %

Coeur Mining stock opened at $6.21 on Friday. Coeur Mining, Inc. has a 1-year low of $3.31 and a 1-year high of $7.72. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 51.71 and a beta of 1.51. 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 firm has a 50 day simple moving average of $6.17 and a 200 day simple moving average of $6.35.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The business had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. On average, analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Activity

In other news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.56% of the company’s stock.

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.