Range Financial Group LLC Sells 115,420 Shares of Coeur Mining, Inc. $CDE

Range Financial Group LLC trimmed its position in Coeur Mining, Inc. (NYSE:CDE) by 91.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,462 shares of the basic materials company’s stock after selling 115,420 shares during the quarter. Range Financial Group LLC’s holdings in Coeur Mining were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CDE. Ameritas Investment Partners Inc. raised its holdings in Coeur Mining by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock worth $580,000 after acquiring an additional 1,183 shares during the period. BFI Infinity Ltd. grew its position in shares of Coeur Mining by 3.2% in the second quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock valued at $386,000 after purchasing an additional 1,355 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Coeur Mining by 7.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Plancorp LLC boosted its stake in Coeur Mining by 0.5% during the 1st quarter. Plancorp LLC now owns 300,790 shares of the basic materials company’s stock valued at $1,781,000 after purchasing an additional 1,617 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $18.08 on Wednesday. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 27.40 and a beta of 1.33. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $23.61. The business has a fifty day simple moving average of $16.50 and a 200 day simple moving average of $14.33. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The business had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up 76.9% on a year-over-year basis. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CDE. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. TD Securities increased their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Coeur Mining Company Profile

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.