Quadrature Capital Ltd Invests $353,000 in Coeur Mining, Inc. $CDE

Quadrature Capital Ltd acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 39,865 shares of the basic materials company’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MAI Capital Management purchased a new stake in shares of Coeur Mining during the first quarter valued at about $25,000. Summer Road LLC bought a new position in shares of Coeur Mining during the 1st quarter worth approximately $28,000. State of Wyoming purchased a new stake in Coeur Mining during the first quarter valued at approximately $52,000. Focus Partners Wealth purchased a new stake in Coeur Mining during the first quarter valued at approximately $60,000. Finally, Avantax Advisory Services Inc. acquired a new stake in Coeur Mining in the first quarter valued at approximately $69,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of CDE stock opened at $16.56 on Wednesday. The business has a fifty day moving average of $17.48 and a 200 day moving average of $13.08. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $23.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 25.09 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The firm had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same period in the prior year, the company posted $0.12 earnings per share. The firm’s revenue for the quarter was up 76.9% on a year-over-year basis. As a group, research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the sale, the chief executive officer directly owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. The trade was a 5.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Coeur Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. TD Securities boosted their target price on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coeur Mining in a research note on Monday. Cormark lowered Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.32.

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.