Point72 Asia Singapore Pte. Ltd. Acquires 12,359 Shares of Coeur Mining, Inc. (NYSE:CDE)

Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 142.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,039 shares of the basic materials company’s stock after purchasing an additional 12,359 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Coeur Mining were worth $145,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Verition Fund Management LLC lifted its stake in shares of Coeur Mining by 5.5% during the third quarter. Verition Fund Management LLC now owns 220,209 shares of the basic materials company’s stock valued at $1,515,000 after acquiring an additional 11,397 shares during the period. Martingale Asset Management L P acquired a new position in shares of Coeur Mining during the third quarter valued at $747,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coeur Mining by 6.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 853,418 shares of the basic materials company’s stock valued at $5,872,000 after acquiring an additional 50,535 shares during the period. Freedom Investment Management Inc. acquired a new position in shares of Coeur Mining during the third quarter valued at $424,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Coeur Mining by 180.7% during the third quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock valued at $2,137,000 after acquiring an additional 199,919 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CDE. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Roth Mkm reissued a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Raymond James increased their target price 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 increased their target price 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, StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Trading Down 0.6 %

Shares of CDE stock opened at $6.68 on Thursday. The firm has a market capitalization of $2.67 billion, a P/E ratio of -222.59 and a beta of 1.60. Coeur Mining, Inc. has a twelve month low of $2.42 and a twelve month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $6.59 and its 200 day simple moving average is $6.20.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

About Coeur Mining

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.