Harvest Portfolios Group Inc. Acquires Shares of 96,700 Coeur Mining, Inc. (NYSE:CDE)

Harvest Portfolios Group Inc. bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 96,700 shares of the basic materials company's stock, valued at approximately $665,000.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Coeur Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock worth $251,629,000 after buying an additional 365,115 shares in the last quarter. Tidal Investments LLC bought a new stake in Coeur Mining during the 1st quarter valued at $41,587,000. American Century Companies Inc. raised its stake in shares of Coeur Mining by 248.1% during the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company's stock worth $36,325,000 after acquiring an additional 4,606,711 shares in the last quarter. Millennium Management LLC increased its position in Coeur Mining by 2.6% during the 2nd quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company's stock valued at $15,926,000 after buying an additional 72,423 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Coeur Mining by 18.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company's stock valued at $10,254,000 after purchasing an additional 424,835 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CDE has been the topic of a number of recent research reports. Cantor Fitzgerald downgraded Coeur Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, August 8th. Roth Mkm lifted their price target on Coeur Mining from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Wednesday, September 25th. BMO Capital Markets boosted their price target 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. Raymond James lifted their price objective 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. Finally, Canaccord Genuity Group increased their price target 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.81.

Coeur Mining Stock Performance

CDE traded up $0.54 during trading on Thursday, hitting $6.45. The stock had a trading volume of 13,903,117 shares, compared to its average volume of 7,786,290. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. Coeur Mining, Inc. has a 12 month low of $2.00 and a 12 month high of $7.72. The company has a 50 day simple moving average of $6.54 and a 200-day simple moving average of $6.00.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results 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. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. During the same period in the prior year, the company posted ($0.05) EPS. The company's revenue was up 61.1% compared to the same quarter last year. On average, sell-side analysts expect that Coeur Mining, Inc. will post 0.14 earnings per share for the current year.

Coeur Mining 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.