ExodusPoint Capital Management LP Increases Stake in Coeur Mining, Inc. (NYSE:CDE)

ExodusPoint Capital Management LP raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 187.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 486,681 shares of the basic materials company’s stock after acquiring an additional 317,503 shares during the period. ExodusPoint Capital Management LP owned approximately 0.12% of Coeur Mining worth $2,784,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Merit Financial Group LLC grew its position in shares of Coeur Mining by 5.4% during the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in 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 valued at $1,803,000 after buying an additional 2,323 shares in the last quarter. Xponance Inc. increased its stake in Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 2,811 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 3,359 shares in the last quarter. Finally, Rhumbline Advisers boosted 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 valued at $3,575,000 after acquiring an additional 5,328 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CDE. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Roth Mkm lowered their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. TD Securities assumed coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Coeur Mining presently has an average rating of “Buy” and a consensus target price of $8.10.

Coeur Mining Stock Performance

Coeur Mining stock opened at $5.04 on Tuesday. Coeur Mining, Inc. has a 1-year low of $4.03 and a 1-year high of $7.72. The company’s 50-day moving average is $6.08 and its 200 day moving average is $6.33. The firm has a market capitalization of $3.22 billion, a P/E ratio of 41.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

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

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.