Harvest Portfolios Group Inc. acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,700 shares of the basic materials company’s stock, valued at approximately $665,000.
Several other large investors also recently made changes to their positions in CDE. CWM LLC grew its position in Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining during the second quarter worth $49,000. Hohimer Wealth Management LLC purchased a new stake in shares of Coeur Mining during the second quarter valued at $57,000. WINTON GROUP Ltd acquired a new position in shares of Coeur Mining in the 2nd quarter valued at $57,000. Finally, CIBC Asset Management Inc purchased a new position in Coeur Mining in the 2nd quarter worth about $59,000. Institutional investors own 63.01% of the company’s stock.
Analyst Ratings Changes
CDE has been the subject of several recent analyst reports. Canaccord Genuity Group raised their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Roth Mkm raised their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Raymond James increased their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.81.
Coeur Mining Price Performance
CDE opened at $5.91 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $7.72. The stock has a fifty day moving average price of $6.54 and a 200 day moving average price of $6.00. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -28.14 and a beta of 1.65.
Coeur Mining (NYSE:CDE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. Analysts forecast that Coeur Mining, Inc. will post 0.14 EPS for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Coeur Mining
- What Makes a Stock a Good Dividend Stock?
- What a Trump Win Looks Like for the Market Now and Into 2025
- Stock Average Calculator
- Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop
- Investing in the High PE Growth Stocks
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Want to see what other hedge funds are holding CDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coeur Mining, Inc. (NYSE:CDE – Free Report).
Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.