SG Americas Securities LLC Purchases 110,660 Shares of Coeur Mining, Inc. $CDE

SG Americas Securities LLC increased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 145.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,664 shares of the basic materials company’s stock after purchasing an additional 110,660 shares during the period. SG Americas Securities LLC’s holdings in Coeur Mining were worth $3,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co. increased its position in Coeur Mining by 6.2% during the 4th quarter. Diversified Trust Co. now owns 96,664 shares of the basic materials company’s stock worth $1,724,000 after buying an additional 5,678 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Coeur Mining by 9.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 101,308 shares of the basic materials company’s stock valued at $1,989,000 after acquiring an additional 8,958 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Coeur Mining in the fourth quarter valued at about $205,000. GK Wealth Management LLC grew its stake in shares of Coeur Mining by 13.0% in the fourth quarter. GK Wealth Management LLC now owns 19,318 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 2,223 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Coeur Mining by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 8,236 shares of the basic materials company’s stock worth $147,000 after acquiring an additional 1,567 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on CDE shares. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Roth Mkm reiterated a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a research report on Thursday, February 19th. Zacks Research cut Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada increased their price target on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Coeur Mining Trading Down 0.3%

CDE opened at $19.05 on Friday. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 21.90 and a beta of 1.33. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77. The company has a 50-day simple moving average of $21.89 and a 200 day simple moving average of $19.35.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The firm had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. During the same period in the prior year, the business earned $0.11 earnings per share. Coeur Mining’s quarterly revenue was up 120.9% compared to the same quarter last year. Analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Coeur Mining Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.