AQR Capital Management LLC Has $5,949,000 Position in Coeur Mining Inc (CDE)

AQR Capital Management LLC raised its stake in shares of Coeur Mining Inc (NYSE:CDE) by 100.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 654,404 shares of the company’s stock after buying an additional 327,980 shares during the period. AQR Capital Management LLC’s holdings in Coeur Mining were worth $5,949,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CDE. D. E. Shaw & Co. Inc. boosted its stake in shares of Coeur Mining by 1,657.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,633,610 shares of the company’s stock valued at $42,986,000 after buying an additional 3,426,835 shares in the last quarter. State Street Corp boosted its stake in shares of Coeur Mining by 44.5% in the fourth quarter. State Street Corp now owns 6,986,824 shares of the company’s stock valued at $63,506,000 after buying an additional 2,152,807 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Coeur Mining by 19.3% in the fourth quarter. Van ECK Associates Corp now owns 11,214,088 shares of the company’s stock valued at $101,936,000 after buying an additional 1,811,718 shares in the last quarter. Morgan Stanley boosted its stake in shares of Coeur Mining by 234.4% in the third quarter. Morgan Stanley now owns 1,882,025 shares of the company’s stock valued at $22,264,000 after buying an additional 1,319,177 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in shares of Coeur Mining during the third quarter valued at about $13,058,000. 61.10% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

Coeur Mining Inc (NYSE:CDE) opened at 7.95 on Monday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.38 and a beta of 0.93. The firm has a 50-day moving average of $9.25 and a 200 day moving average of $10.55. Coeur Mining Inc has a 12-month low of $5.14 and a 12-month high of $16.41.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Coeur Mining had a net margin of 8.31% and a return on equity of 8.59%. The company earned $159.20 million during the quarter, compared to analyst estimates of $189.85 million. During the same quarter last year, the business earned ($0.27) EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts predict that Coeur Mining Inc will post $0.35 EPS for the current year.

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CDE has been the subject of several research reports. Vetr raised shares of Coeur Mining from a “buy” rating to a “strong-buy” rating and set a $11.10 price objective for the company in a research note on Monday, November 28th. Zacks Investment Research cut shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $11.75 price objective on shares of Coeur Mining in a research note on Thursday, February 9th. Roth Capital set a $14.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research note on Wednesday, January 18th. Finally, TheStreet raised shares of Coeur Mining from a “d” rating to a “c” rating in a research note on Thursday, February 9th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.45.

In other Coeur Mining news, insider Mitchell J. Krebs sold 73,142 shares of the firm’s stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $10.13, for a total transaction of $740,928.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.

Coeur Mining Company Profile

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

5 Day Chart for NYSE:CDE

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