Geode Capital Management LLC lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,146,107 shares of the basic materials company's stock after purchasing an additional 89,863 shares during the quarter. Geode Capital Management LLC owned about 2.29% of Coeur Mining worth $62,937,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDE. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Coeur Mining during the 2nd quarter valued at $49,000. Hohimer Wealth Management LLC bought a new stake in Coeur Mining during the second quarter worth about $57,000. WINTON GROUP Ltd purchased a new stake in Coeur Mining in the second quarter worth about $57,000. CIBC Asset Management Inc bought a new position in shares of Coeur Mining during the second quarter valued at approximately $59,000. Finally, SPC Financial Inc. bought a new position in shares of Coeur Mining during the second quarter valued at approximately $65,000. 63.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on CDE shares. StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Canaccord Genuity Group increased their target price on Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Raymond James upped their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a research note on Friday, September 20th. Roth Mkm reaffirmed a "buy" rating and issued a $8.50 target price (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coeur Mining currently has an average rating of "Moderate Buy" and an average price target of $7.81.
Read Our Latest Analysis on CDE
Coeur Mining Stock Performance
Shares of CDE stock traded up $0.11 during trading hours on Friday, reaching $5.88. The company had a trading volume of 17,154,613 shares, compared to its average volume of 8,083,199. The firm has a market cap of $2.35 billion, a PE ratio of -195.93 and a beta of 1.60. The business has a fifty day moving average price of $6.55 and a 200-day moving average price of $6.28. Coeur Mining, Inc. has a one year low of $2.42 and a one year 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 posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm's revenue was up 61.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. Sell-side analysts predict that Coeur Mining, Inc. will post 0.15 earnings per share for the current fiscal year.
About Coeur Mining
(
Free Report)
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.
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