3. Coeur Mining, Inc. (NYSE:CDE)
Number of Hedge Fund Holders: 17
Precious metals and mining company Coeur Mining, Inc. (NYSE:CDE) is one of the most popular penny stocks among the elite hedge funds tracked by Insider Monkey. 17 hedge funds reported having stakes in Coeur Mining, Inc. (NYSE:CDE) as of the end of the first quarter. The biggest stakeholder of Coeur Mining, Inc. (NYSE:CDE) was Paul Marshall and Ian Wace’s Marshall Wace LLP which had a $27 million stake in the company.
In June Coeur Mining, Inc. (NYSE:CDE) said it raised about $19 million via private placements for exploration expenditures.
