Aperture Investors LLC Takes $2.31 Million Position in Coeur Mining, Inc. $CDE

Aperture Investors LLC bought a new stake in Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 261,069 shares of the basic materials company’s stock, valued at approximately $2,313,000.

A number of other large investors have also recently bought and sold shares of CDE. NewEdge Advisors LLC increased its stake in Coeur Mining by 5.6% in the second quarter. NewEdge Advisors LLC now owns 249,612 shares of the basic materials company’s stock valued at $2,212,000 after purchasing an additional 13,264 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Coeur Mining during the second quarter worth about $6,173,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Coeur Mining during the second quarter worth about $288,000. Cerity Partners LLC increased its position in Coeur Mining by 449.2% in the 2nd quarter. Cerity Partners LLC now owns 98,760 shares of the basic materials company’s stock valued at $875,000 after acquiring an additional 80,779 shares during the period. Finally, Philadelphia Trust Co. acquired a new position in Coeur Mining in the 2nd quarter valued at about $120,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $16.06 on Wednesday. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 24.34 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The business’s 50 day simple moving average is $17.23 and its 200-day simple moving average is $13.37. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $23.61.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The firm had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 76.9% compared to the same quarter last year. As a group, equities analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CDE has been the subject of a number of recent research reports. Raymond James Financial set a $21.00 price objective on Coeur Mining in a research report on Thursday, October 30th. TD Securities upped their price target on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Zacks Research downgraded Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Roth Capital set a $20.00 target price on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.32.

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.