Coeur Mining, Inc. (NYSE:CDE) Stake Lowered by Aigen Investment Management LP

Aigen Investment Management LP trimmed its holdings in Coeur Mining, Inc. (NYSE:CDE) by 25.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,683 shares of the basic materials company’s stock after selling 26,203 shares during the quarter. Aigen Investment Management LP’s holdings in Coeur Mining were worth $444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in Coeur Mining in the 4th quarter worth approximately $92,000. SBI Securities Co. Ltd. bought a new position in Coeur Mining in the 4th quarter worth approximately $159,000. US Bancorp DE grew its holdings in Coeur Mining by 595.5% in the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock worth $503,000 after buying an additional 75,314 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Coeur Mining by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company’s stock worth $7,143,000 after buying an additional 5,541 shares in the last quarter. Finally, Olympiad Research LP grew its holdings in Coeur Mining by 75.0% in the 4th quarter. Olympiad Research LP now owns 38,561 shares of the basic materials company’s stock worth $221,000 after buying an additional 16,523 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Roth Mkm decreased their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.31.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $5.58 on Friday. Coeur Mining, Inc. has a one year low of $2.98 and a one year high of $7.72. The stock has a fifty day moving average of $6.18 and a 200-day moving average of $6.37. The company has a market capitalization of $3.56 billion, a PE ratio of 46.46 and a beta of 1.51. 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 (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

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.