Point72 DIFC Ltd Acquires Shares of 26,552 Coeur Mining, Inc. (NYSE:CDE)

Point72 DIFC Ltd acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,552 shares of the basic materials company’s stock, valued at approximately $183,000.

Other large investors have also bought and sold shares of the company. CWM LLC increased its position in shares of Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Coeur Mining during the 2nd quarter valued at $49,000. Hohimer Wealth Management LLC purchased a new stake in shares of Coeur Mining during the 2nd quarter valued at $57,000. WINTON GROUP Ltd purchased a new stake in shares of Coeur Mining during the 2nd quarter valued at $57,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Coeur Mining during the 2nd quarter valued at $59,000. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CDE. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets raised their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Raymond James boosted their price objective on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Canaccord Genuity Group boosted their price objective on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining Trading Down 2.2 %

Shares of CDE opened at $6.65 on Friday. The business’s 50-day moving average price is $6.56 and its 200-day moving average price is $6.21. Coeur Mining, Inc. has a twelve month low of $2.42 and a twelve month high of $7.72. The stock has a market cap of $2.65 billion, a PE ratio of -221.67 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 (NYSE:CDE) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $289.19 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The company’s revenue was up 61.1% on a year-over-year basis. On average, equities analysts forecast that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

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.