Lbp Am Sa Lowers Position in Coeur Mining, Inc. $CDE

Lbp Am Sa trimmed its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 50.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,575 shares of the basic materials company’s stock after selling 45,009 shares during the period. Lbp Am Sa’s holdings in Coeur Mining were worth $817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake 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 valued at $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Coeur Mining by 212.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after buying an additional 7,013,222 shares in the last quarter. American Century Companies Inc. lifted its holdings in Coeur Mining by 136.1% during the second quarter. American Century Companies Inc. now owns 2,759,607 shares of the basic materials company’s stock worth $24,450,000 after buying an additional 1,591,008 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after acquiring an additional 1,339,138 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Coeur Mining by 84.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after acquiring an additional 1,315,348 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $25.66 on Thursday. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The company has a market cap of $16.48 billion, a PE ratio of 38.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. The business has a 50-day simple moving average of $18.86 and a two-hundred day simple moving average of $16.14.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The business’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CDE. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. TD Securities boosted their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Thursday, October 30th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $18.17.

About Coeur Mining

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.