Kingswood Wealth Advisors LLC Makes New Investment in Coeur Mining, Inc. (NYSE:CDE)

Kingswood Wealth Advisors LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 75,600 shares of the basic materials company's stock, valued at approximately $432,000.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Coeur Mining during the 2nd quarter valued at $49,000. CWM LLC lifted its holdings in shares of Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company's stock valued at $67,000 after buying an additional 4,686 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining during the 4th quarter valued at $57,000. Finally, Forum Financial Management LP bought a new position in Coeur Mining in the 3rd quarter worth $81,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Roth Mkm reissued a "buy" rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Canaccord Genuity Group raised their price objective on Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.81.

Coeur Mining Trading Up 2.7 %

CDE traded up $0.18 on Monday, hitting $6.78. The company had a trading volume of 17,392,340 shares, compared to its average volume of 11,169,574. Coeur Mining, Inc. has a 12-month low of $2.42 and a 12-month high of $7.72. The business's fifty day simple moving average is $6.30 and its 200 day simple moving average is $6.34. The company has a market cap of $2.71 billion, a PE ratio of -225.76 and a beta of 1.59. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The company's revenue for the quarter was up 61.1% compared to the same quarter last year. Equities research analysts expect that Coeur Mining, Inc. will post 0.22 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.