Olympiad Research LP Boosts Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Olympiad Research LP boosted its holdings in Coeur Mining, Inc. (NYSE:CDE) by 75.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,561 shares of the basic materials company’s stock after buying an additional 16,523 shares during the quarter. Olympiad Research LP’s holdings in Coeur Mining were worth $221,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CDE. CWM LLC increased its holdings in Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after buying an additional 4,686 shares during the last quarter. Creative Planning increased its holdings in Coeur Mining by 27.7% in the third quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock valued at $282,000 after buying an additional 8,914 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Coeur Mining in the third quarter valued at $142,000. Assenagon Asset Management S.A. grew its holdings in shares of Coeur Mining by 37.5% during the third quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company’s stock worth $3,009,000 after purchasing an additional 119,345 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Coeur Mining by 31.8% during the third quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 4,586 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

CDE has been the topic of a number of research analyst reports. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research report on Thursday. 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. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and an average target price of $8.31.

Coeur Mining Stock Performance

Shares of CDE stock opened at $5.45 on Monday. The stock has a market capitalization of $2.17 billion, a PE ratio of 45.38 and a beta of 1.59. Coeur Mining, Inc. has a 52-week low of $2.42 and a 52-week high of $7.72. The stock’s 50-day moving average price is $6.31 and its 200 day moving average price is $6.41. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share 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 for the quarter, compared to analyst estimates of $314.32 million. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current 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.