Janus Henderson Group PLC Cuts Stock Holdings in Coeur Mining, Inc. (NYSE:CDE)

Janus Henderson Group PLC trimmed its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 22.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 875,267 shares of the basic materials company's stock after selling 256,160 shares during the period. Janus Henderson Group PLC owned approximately 0.22% of Coeur Mining worth $6,026,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CDE. 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 valued at $28,000 after buying an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Coeur Mining in the second quarter valued at approximately $49,000. Hohimer Wealth Management LLC acquired a new stake in Coeur Mining in the second quarter valued at approximately $57,000. WINTON GROUP Ltd acquired a new stake in Coeur Mining in the second quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc acquired a new stake in Coeur Mining in the second quarter valued at approximately $59,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. 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 report on Friday, September 20th. StockNews.com upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted their price target on Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $7.81.

Coeur Mining Stock Performance

Coeur Mining stock traded down $0.11 during mid-day trading on Tuesday, reaching $7.00. The company's stock had a trading volume of 10,488,028 shares, compared to its average volume of 8,012,961. Coeur Mining, Inc. has a 12-month low of $2.42 and a 12-month high of $7.72. The company has a market capitalization of $2.79 billion, a P/E ratio of -232.92 and a beta of 1.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The firm's fifty day moving average price is $6.57 and its two-hundred day moving average price is $6.23.

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

About Coeur Mining

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.