16,153 Shares in Coeur Mining, Inc. (NYSE:CDE) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, HoldingsChannel reports. The firm purchased 16,153 shares of the basic materials company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP lifted its stake in shares of Coeur Mining by 415.4% during the 3rd quarter. Aigen Investment Management LP now owns 103,886 shares of the basic materials company’s stock worth $715,000 after buying an additional 83,730 shares during the last quarter. Jennison Associates LLC bought a new position in Coeur Mining in the 3rd quarter valued at about $579,000. Intech Investment Management LLC acquired a new stake in Coeur Mining during the third quarter worth approximately $642,000. Landscape Capital Management L.L.C. bought a new stake in shares of Coeur Mining during the third quarter worth approximately $388,000. Finally, Navellier & Associates Inc. acquired a new position in shares of Coeur Mining in the third quarter valued at approximately $294,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 4.1 %

CDE stock opened at $5.95 on Friday. The company has a market cap of $3.80 billion, a PE ratio of 49.55 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 52 week low of $2.98 and a 52 week high of $7.72. The business has a 50-day simple moving average of $6.16 and a 200 day simple moving average of $6.35.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.56% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CDE shares. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $8.75 to $8.25 in a report on Friday, February 21st. TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Tuesday. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target on the stock. TD Securities began coverage on shares of Coeur Mining in a research note on Tuesday. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Cormark raised shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $8.05.

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.