RFG Advisory LLC Trims Stock Position in Coeur Mining, Inc. $CDE

RFG Advisory LLC lowered its position in shares of Coeur Mining, Inc. (NYSE:CDEFree Report) by 85.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,342 shares of the basic materials company’s stock after selling 93,505 shares during the period. RFG Advisory LLC’s holdings in Coeur Mining were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp increased its stake in Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after acquiring an additional 23,646,265 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after purchasing an additional 6,352,828 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Coeur Mining by 38.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock worth $268,329,000 after purchasing an additional 3,982,085 shares in the last quarter. Finally, Sprott Inc. grew its holdings in shares of Coeur Mining by 2.0% during the third quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock worth $172,743,000 after purchasing an additional 176,388 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CDE. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective for the company. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada boosted their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Thursday. Finally, Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.56.

Check Out Our Latest Research Report on CDE

Coeur Mining Price Performance

CDE opened at $19.79 on Tuesday. The stock has a 50-day moving average price of $19.85 and a 200-day moving average price of $19.36. Coeur Mining, Inc. has a 12-month low of $7.15 and a 12-month high of $27.77. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $12.70 billion, a P/E ratio of 17.06 and a beta of 1.24.

Coeur Mining (NYSE:CDEGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same period last year, the company posted $0.11 EPS. Coeur Mining’s revenue for the quarter was up 137.8% on a year-over-year basis. Equities analysts predict that Coeur Mining, Inc. will post 1.42 earnings per share for the current fiscal year.

Coeur Mining Company Profile

(Free Report)

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.

Further Reading

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

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