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

Luminus Management LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDEFree Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 200,793 shares of the basic materials company’s stock, valued at approximately $446,000. Coeur Mining comprises approximately 0.1% of Luminus Management LLC’s portfolio, making the stock its 25th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in CDE. Alberta Investment Management Corp purchased a new position in Coeur Mining during the second quarter worth about $29,000. Rathbones Group PLC purchased a new position in Coeur Mining during the third quarter worth about $35,000. Point72 Middle East FZE purchased a new position in Coeur Mining during the fourth quarter worth about $36,000. Envestnet Asset Management Inc. purchased a new position in Coeur Mining during the third quarter worth about $37,000. Finally, CI Private Wealth LLC purchased a new position in Coeur Mining during the fourth quarter worth about $39,000. 61.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CDE has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $2.75 target price on shares of Coeur Mining in a research report on Friday, November 3rd. Raymond James cut their price objective on Coeur Mining from $4.00 to $3.75 and set a “market perform” rating on the stock in a report on Thursday, February 22nd. Finally, National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Coeur Mining presently has an average rating of “Moderate Buy” and an average target price of $3.79.

View Our Latest Stock Analysis on CDE

Coeur Mining Stock Up 5.7 %

Shares of NYSE:CDE traded up $0.14 during mid-day trading on Thursday, hitting $2.59. 3,883,146 shares of the company traded hands, compared to its average volume of 6,137,196. The firm has a market cap of $1.00 billion, a P/E ratio of -8.45 and a beta of 1.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. Coeur Mining, Inc. has a 52-week low of $2.00 and a 52-week high of $4.55. The firm’s 50 day simple moving average is $2.83 and its 200 day simple moving average is $2.64.

About Coeur Mining

(Free Report)

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. It primarily explores for gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,279 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

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

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