Virtu Financial LLC Takes Position in Coeur Mining, Inc. (NYSE:CDE)

Virtu Financial LLC bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,366 shares of the basic materials company’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC grew its holdings in Coeur Mining by 18.3% in the 2nd quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after buying an additional 2,232 shares in the last quarter. CWM LLC boosted its position in shares of Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Coeur Mining by 59.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock valued at $90,000 after acquiring an additional 5,993 shares in the last quarter. Arizona State Retirement System increased its position in Coeur Mining by 6.1% during the second quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company’s stock worth $627,000 after acquiring an additional 6,435 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Coeur Mining in the 2nd quarter worth about $49,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Roth Mkm reissued a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Raymond James lifted their price objective on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. BMO Capital Markets increased their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Canaccord Genuity Group raised their price target on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining Stock Down 2.0 %

CDE stock opened at $5.77 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of -192.27 and a beta of 1.60. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $6.56 and a 200-day moving average price of $6.27. Coeur Mining, Inc. has a 12 month low of $2.42 and a 12 month high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million during 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 firm’s revenue was up 61.1% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. As a group, equities research analysts anticipate 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.