D. E. Shaw & Co. Inc. Purchases 104,886 Shares of Coeur Mining, Inc. (NYSE:CDE)

D. E. Shaw & Co. Inc. raised its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 4,871,557 shares of the basic materials company’s stock after acquiring an additional 104,886 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Coeur Mining were worth $27,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Coeur Mining by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after buying an additional 3,178,785 shares during the period. Marshall Wace LLP raised its position in Coeur Mining by 12,934.3% during the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company’s stock valued at $16,998,000 after purchasing an additional 2,948,880 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in 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 purchasing an additional 1,055,084 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Coeur Mining by 128.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,734,685 shares of the basic materials company’s stock valued at $9,922,000 after purchasing an additional 975,473 shares in the last quarter. Finally, Jump Financial LLC raised its position in Coeur Mining by 660.2% during the fourth quarter. Jump Financial LLC now owns 1,112,655 shares of the basic materials company’s stock valued at $6,364,000 after purchasing an additional 966,298 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 12.6%

Shares of NYSE:CDE opened at $7.85 on Monday. The company has a fifty day moving average of $5.84 and a 200-day moving average of $6.14. The company has a market capitalization of $5.02 billion, a PE ratio of 65.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining, Inc. has a 52-week low of $4.57 and a 52-week high of $7.85.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm’s revenue for the quarter was up 69.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. On average, equities analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CDE has been the subject of several research analyst reports. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. 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 research report on Tuesday, March 11th. Roth Mkm lowered their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, TD Securities began coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Buy” and an average price target of $8.10.

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.