Algert Global LLC Lowers Holdings in Coeur Mining, Inc. (NYSE:CDE)

Algert Global LLC trimmed its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 45.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,404 shares of the basic materials company's stock after selling 132,727 shares during the period. Algert Global LLC's holdings in Coeur Mining were worth $1,097,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company's stock valued at $28,000 after buying an additional 4,490 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Coeur Mining during the 2nd quarter valued at about $49,000. Hohimer Wealth Management LLC purchased a new position in shares of Coeur Mining during the 2nd quarter valued at about $57,000. WINTON GROUP Ltd purchased a new position in shares of Coeur Mining during the 2nd quarter valued at about $57,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Coeur Mining during the 2nd quarter valued at about $59,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Mkm restated a "buy" rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. BMO Capital Markets raised their price target on Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $7.81.

Coeur Mining Stock Down 0.2 %

Shares of NYSE CDE traded down $0.02 during mid-day trading on Friday, hitting $6.48. 4,843,657 shares of the stock traded hands, compared to its average volume of 7,936,122. The stock has a fifty day moving average price of $6.63 and a 200-day moving average price of $6.17. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -215.83 and a beta of 1.65. Coeur Mining, Inc. has a 52 week low of $2.42 and a 52 week high of $7.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to analysts' expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm's quarterly revenue was up 61.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Research analysts anticipate that Coeur Mining, Inc. will post 0.15 EPS for the current year.

Coeur Mining Company Profile

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.