Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its stake in Coeur Mining, Inc. (NYSE:CDE) by 46.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,950 shares of the basic materials company’s stock after selling 14,720 shares during the period. Sigma Planning Corp’s holdings in Coeur Mining were worth $55,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Rathbones Group PLC purchased a new stake in shares of Coeur Mining during the 3rd quarter worth about $35,000. Exchange Traded Concepts LLC acquired a new stake in shares of Coeur Mining in the third quarter worth $63,000. SG Americas Securities LLC increased its position in shares of Coeur Mining by 47.0% in the fourth quarter. SG Americas Securities LLC now owns 32,507 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 10,388 shares in the last quarter. Dubuque Bank & Trust Co purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $95,000. Finally, PEAK6 Investments LLC lifted its holdings in shares of Coeur Mining by 109.6% during the 3rd quarter. PEAK6 Investments LLC now owns 43,708 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 22,854 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CDE. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Roth Mkm started coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target on the stock. Raymond James lifted their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. BMO Capital Markets raised their price target on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $4.91 on Tuesday. The firm has a market cap of $1.91 billion, a PE ratio of -15.84 and a beta of 1.82. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $5.47. The firm’s 50-day simple moving average is $3.70 and its 200-day simple moving average is $3.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The firm had revenue of $262.10 million during the quarter. Equities analysts forecast that Coeur Mining, Inc. will post -0.04 earnings per share for the current fiscal year.

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.