Bridgefront Capital LLC Invests $78,000 in Coeur Mining, Inc. (NYSE:CDE)

Bridgefront Capital LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,576 shares of the basic materials company’s stock, valued at approximately $78,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after purchasing an additional 665,452 shares during the period. US Bancorp DE boosted its position in Coeur Mining by 595.5% during the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock valued at $503,000 after buying an additional 75,314 shares during the period. Contravisory Investment Management Inc. bought a new stake in Coeur Mining in the 4th quarter worth $267,000. Russell Investments Group Ltd. increased its position in shares of Coeur Mining by 2,203.1% in the fourth quarter. Russell Investments Group Ltd. now owns 232,916 shares of the basic materials company’s stock valued at $1,332,000 after acquiring an additional 222,803 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Coeur Mining by 253.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company’s stock valued at $8,419,000 after acquiring an additional 1,055,084 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Up 12.6 %

Shares of Coeur Mining stock opened at $7.85 on Friday. Coeur Mining, Inc. has a 1 year low of $4.57 and a 1 year high of $7.85. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 65.42 and a beta of 1.24. The company has a 50-day moving average of $5.84 and a 200 day moving average of $6.16. 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 announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s revenue was up 69.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CDE. Cormark upgraded Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. Raymond James reaffirmed an “outperform” rating and issued a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price for the company. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coeur Mining has an average rating of “Buy” and an average target price of $8.10.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

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.