Contravisory Investment Management Inc. Purchases New Shares in Coeur Mining, Inc. (NYSE:CDE)

Contravisory Investment Management Inc. bought a new position in Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 46,593 shares of the basic materials company’s stock, valued at approximately $267,000.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in shares of Coeur Mining in the 4th quarter worth $57,000. GAMMA Investing LLC raised its position in Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Coeur Mining by 88.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after acquiring an additional 665,452 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Coeur Mining in the 3rd quarter worth $423,000. Finally, Virtu Financial LLC bought a new position in Coeur Mining in the 3rd quarter worth $119,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Trading Down 3.1 %

CDE stock opened at $6.20 on Friday. Coeur Mining, Inc. has a twelve month low of $2.42 and a twelve month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $6.32 and its two-hundred day simple moving average is $6.34. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -206.43 and a beta of 1.60.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. During the same period in the prior year, the business earned ($0.05) EPS. The business’s revenue for the quarter was up 61.1% compared to the same quarter last year. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Raymond James upped their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Roth Mkm restated a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. BMO Capital Markets upped their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining Company 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.