Coeur Mining, Inc. (NYSE:CDE) Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 5.4% in the 4th quarter, Holdings Channel reports. The fund owned 31,574 shares of the basic materials company’s stock after buying an additional 1,607 shares during the period. Merit Financial Group LLC’s holdings in Coeur Mining were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its position in Coeur Mining by 59.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 5,993 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Coeur Mining by 19.1% in the 2nd quarter. Bank of Montreal Can now owns 804,183 shares of the basic materials company’s stock valued at $4,520,000 after buying an additional 129,117 shares during the period. Xponance Inc. boosted its stake in shares of Coeur Mining by 98.1% in the second quarter. Xponance Inc. now owns 43,239 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 21,412 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Coeur Mining in the second quarter worth $2,382,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Coeur Mining during the 2nd quarter worth about $49,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

CDE stock opened at $6.33 on Monday. The company has a market capitalization of $2.53 billion, a PE ratio of -210.76 and a beta of 1.60. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Coeur Mining, Inc. has a 52-week low of $2.42 and a 52-week high of $7.72. The stock’s 50 day moving average is $6.31 and its two-hundred day moving average is $6.35.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. During the same period in the prior year, the business earned ($0.05) EPS. The firm’s revenue was up 61.1% on a year-over-year basis. Analysts predict that Coeur Mining, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CDE shares. Canaccord Genuity Group upped their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Roth Mkm reissued a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

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.