Mainsail Asset Management LLC Takes Position in Coeur Mining, Inc. (NYSE:CDE)

Mainsail Asset Management LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 55,000 shares of the basic materials company’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after buying an additional 3,359 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining in the fourth quarter worth about $57,000. Empowered Funds LLC purchased a new position in Coeur Mining in the fourth quarter valued at about $66,000. CWM LLC grew its stake in Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 4,686 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in Coeur Mining during the 3rd quarter worth approximately $81,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CDE. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Roth Mkm reiterated a “buy” rating and issued a $8.50 price target (down from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.81.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $6.62 on Monday. Coeur Mining, Inc. has a 1 year low of $2.42 and a 1 year high of $7.72. The firm has a market cap of $2.64 billion, a P/E ratio of -220.43 and a beta of 1.59. The stock has a fifty day moving average price of $6.39 and a two-hundred day moving average price of $6.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

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.