Landscape Capital Management L.L.C. Invests $388,000 in Coeur Mining, Inc. (NYSE:CDE)

Landscape Capital Management L.L.C. bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 56,363 shares of the basic materials company’s stock, valued at approximately $388,000.

A number of other large investors also recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after buying an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Coeur Mining in the 2nd quarter valued at $49,000. Hohimer Wealth Management LLC purchased a new stake in Coeur Mining in the 2nd quarter worth $57,000. WINTON GROUP Ltd bought a new position in shares of Coeur Mining during the 2nd quarter valued at about $57,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Coeur Mining during the second quarter valued at about $59,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 0.9 %

NYSE CDE opened at $6.57 on Monday. 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 firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -218.93 and a beta of 1.65. The company has a fifty day moving average of $6.68 and a two-hundred day moving average of $6.15.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results 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 negative net margin of 0.44% and a positive return on equity of 1.78%. The firm had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. During the same period in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 61.1% compared to the same quarter last year. On average, analysts predict that Coeur Mining, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CDE shares. Roth Mkm reiterated a “buy” rating and issued a $8.50 target price (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. BMO Capital Markets upped their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Canaccord Genuity Group lifted their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and an average price target 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.