ExodusPoint Capital Management LP Grows Position in Coeur Mining, Inc. (NYSE:CDE)

ExodusPoint Capital Management LP raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 187.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 486,681 shares of the basic materials company’s stock after purchasing an additional 317,503 shares during the period. ExodusPoint Capital Management LP’s holdings in Coeur Mining were worth $2,784,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CDE. Vanguard Group Inc. lifted its stake in shares of Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock worth $232,805,000 after purchasing an additional 3,178,785 shares during the last quarter. Geode Capital Management LLC raised its holdings in Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after purchasing an additional 89,863 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Coeur Mining by 22.8% during the fourth quarter. Schroder Investment Management Group now owns 2,989,680 shares of the basic materials company’s stock valued at $16,772,000 after buying an additional 555,430 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Coeur Mining by 1.2% in the 4th quarter. First Eagle Investment Management LLC now owns 2,504,978 shares of the basic materials company’s stock valued at $14,328,000 after buying an additional 30,600 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Coeur Mining by 20.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,710,242 shares of the basic materials company’s stock worth $9,783,000 after buying an additional 291,526 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Raymond James reissued an “outperform” rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. Cormark raised Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. TD Securities assumed coverage on Coeur Mining in a report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price target for the company. Finally, BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $8.10.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $5.25 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.56% of the stock is owned by corporate insiders.

Coeur Mining Trading Up 3.6 %

Coeur Mining stock opened at $5.04 on Tuesday. The stock has a 50-day moving average price of $6.08 and a 200 day moving average price of $6.33. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 41.96 and a beta of 1.35. Coeur Mining, Inc. has a 52 week low of $4.03 and a 52 week high of $7.72. 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 (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business 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 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.