Hohimer Wealth Management LLC Invests $57,000 in Coeur Mining, Inc. (NYSE:CDE)

Hohimer Wealth Management LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,100 shares of the basic materials company’s stock, valued at approximately $57,000.

Other large investors have also bought and sold shares of the company. Tidal Investments LLC bought a new position in shares of Coeur Mining in the first quarter worth about $41,587,000. Vanguard Group Inc. lifted its stake in Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares during the last quarter. Van ECK Associates Corp boosted its position in Coeur Mining by 6.5% in the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after buying an additional 2,345,791 shares in the last quarter. M&G Plc bought a new stake in shares of Coeur Mining during the second quarter worth $9,966,000. Finally, TSP Capital Management Group LLC increased its holdings in shares of Coeur Mining by 214.3% during the first quarter. TSP Capital Management Group LLC now owns 942,800 shares of the basic materials company’s stock worth $3,554,000 after buying an additional 642,800 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Shares of CDE opened at $5.50 on Friday. The business has a 50-day moving average of $6.06 and a 200-day moving average of $5.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -17.73 and a beta of 1.60. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $6.82.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. During the same quarter last year, the business earned ($0.06) EPS. The company’s revenue was up 25.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

CDE has been the topic of several recent research reports. Raymond James raised their price objective on Coeur Mining from $5.75 to $6.25 and gave the company a “market perform” rating in a report on Friday, August 9th. Roth Mkm reissued a “buy” rating and set a $8.00 price target (up from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised their price objective on shares of Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.44.

About Coeur Mining

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.