Several other large investors also recently added to or reduced their stakes in CDE. Baldwin Brothers Inc. MA acquired a new stake in Coeur Mining in the 4th quarter valued at $27,000. Quantamental Technologies LLC purchased a new position in Coeur Mining during the 4th quarter worth $54,000. Perritt Capital Management Inc. purchased a new position in Coeur Mining during the 4th quarter worth $67,000. CWM Advisors LLC boosted its holdings in Coeur Mining by 25.8% during the 4th quarter. CWM Advisors LLC now owns 24,818 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 5,083 shares during the last quarter. Finally, HRT Financial LLC purchased a new position in Coeur Mining during the 3rd quarter worth $117,000. Institutional investors own 68.49% of the company’s stock.
Royce & Associates LP lowered its stake in Coeur Mining Inc (NYSE:CDE) by 66.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,234 shares of the basic materials company’s stock after selling 813,954 shares during the quarter. Royce & Associates LP owned 0.21% of Coeur Mining worth $1,878,000 at the end of the most recent reporting period.
In related news, SVP Hans John Rasmussen sold 7,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total value of $35,850.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.32% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 21st. Raymond James restated an “outperform” rating and issued a $6.50 price objective on shares of Coeur Mining in a research note on Friday, February 22nd. B. Riley initiated coverage on Coeur Mining in a research note on Friday, March 1st. They issued a “buy” rating and a $6.25 price objective on the stock. BMO Capital Markets cut Coeur Mining from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $6.50 to $6.00 in a research note on Friday, February 22nd. Finally, Noble Financial set a $7.00 price objective on Coeur Mining and gave the company a “buy” rating in a research note on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $7.58.
Shares of Coeur Mining stock opened at $4.89 on Thursday. Coeur Mining Inc has a 52-week low of $3.80 and a 52-week high of $8.89. The stock has a market capitalization of $977.90 million, a P/E ratio of -489.00 and a beta of 0.44. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 20th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.20. Coeur Mining had a negative return on equity of 0.22% and a negative net margin of 7.74%. The business had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $152.25 million. During the same period in the previous year, the business posted $0.08 EPS. The firm’s quarterly revenue was down 33.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Coeur Mining Inc will post 0.18 EPS for the current year.
About Coeur Mining
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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