776,048 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 776,048 shares of the basic materials company’s stock, valued at approximately $4,439,000. Segall Bryant & Hamill LLC owned approximately 0.19% of Coeur Mining at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Coeur Mining in the fourth quarter valued at about $57,000. ZEGA Investments LLC acquired a new stake in shares of Coeur Mining during the fourth quarter valued at about $64,000. Empowered Funds LLC bought a new stake in shares of Coeur Mining during the fourth quarter worth about $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Coeur Mining in the fourth quarter valued at approximately $69,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

CDE stock opened at $6.34 on Friday. The firm has a market cap of $4.05 billion, a PE ratio of 52.80 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $6.18 and a 200-day moving average price of $6.38. Coeur Mining, Inc. has a 1-year low of $3.60 and a 1-year high of $7.72.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. 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 note on Friday, February 21st. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. Finally, TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Coeur Mining currently has a consensus rating of “Buy” and a consensus price target of $8.05.

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.56% of the stock is owned by corporate insiders.

Coeur Mining 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.