Coeur Mining, Inc. (NYSE:CDE) Position Boosted by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 14.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 932,074 shares of the basic materials company's stock after purchasing an additional 114,870 shares during the period. Wellington Management Group LLP owned approximately 0.23% of Coeur Mining worth $6,413,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. CWM LLC increased its stake in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company's stock worth $28,000 after buying an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Coeur Mining in the second quarter worth about $49,000. Hohimer Wealth Management LLC purchased a new position in Coeur Mining in the second quarter valued at about $57,000. WINTON GROUP Ltd acquired a new stake in Coeur Mining during the 2nd quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc purchased a new stake in Coeur Mining during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Performance

Shares of NYSE CDE traded up $0.01 during midday trading on Tuesday, hitting $6.32. The company's stock had a trading volume of 6,495,841 shares, compared to its average volume of 8,032,272. 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, Inc. has a 1-year low of $2.42 and a 1-year high of $7.72. The firm's fifty day moving average price is $6.58 and its 200-day moving average price is $6.27. The firm has a market cap of $2.52 billion, a P/E ratio of -210.17 and a beta of 1.60.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business's revenue was up 61.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, sell-side analysts forecast that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CDE. Raymond James increased their target price on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. BMO Capital Markets increased their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. Roth Mkm reissued a "buy" rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Canaccord Genuity Group upped their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coeur Mining currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.81.

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.