Point72 Asia Singapore Pte. Ltd. Takes $49,000 Position in Coeur Mining, Inc. (NYSE:CDE)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 8,680 shares of the basic materials company’s stock, valued at approximately $49,000.

A number of other hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in shares of Coeur Mining by 831.5% in the 2nd 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 last quarter. Hohimer Wealth Management LLC bought a new stake in Coeur Mining during the second quarter valued at $57,000. WINTON GROUP Ltd acquired a new stake in shares of Coeur Mining during the second quarter worth $57,000. CIBC Asset Management Inc bought a new position in shares of Coeur Mining in the 2nd quarter worth about $59,000. Finally, Ballentine Partners LLC bought a new position in shares of Coeur Mining in the 1st quarter worth about $46,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $6.88 on Tuesday. The stock’s 50 day moving average price is $6.21 and its 200 day moving average price is $5.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -22.19 and a beta of 1.64. Coeur Mining, Inc. has a 12 month low of $2.00 and a 12 month high of $7.72.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The company had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CDE has been the topic of several research reports. Raymond James increased their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. BMO Capital Markets increased their price target on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Roth Mkm increased their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.83.

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.