Van ECK Associates Corp Has $251.63 Million Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Van ECK Associates Corp grew its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,469,783 shares of the basic materials company's stock after acquiring an additional 365,115 shares during the period. Van ECK Associates Corp owned 8.63% of Coeur Mining worth $251,629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Highland Capital Management LLC bought a new position in shares of Coeur Mining in the third quarter valued at about $150,000. Ballentine Partners LLC increased its position in Coeur Mining by 31.8% in the 3rd quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company's stock valued at $131,000 after acquiring an additional 4,586 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Coeur Mining by 37.5% in the third quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company's stock worth $3,009,000 after acquiring an additional 119,345 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Coeur Mining during the third quarter worth approximately $142,000. Finally, U S Global Investors Inc. grew its stake in shares of Coeur Mining by 160.4% during the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company's stock valued at $4,032,000 after purchasing an additional 361,000 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Mkm upped their price target on Coeur Mining from $8.00 to $8.50 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Cantor Fitzgerald downgraded shares of Coeur Mining from an "overweight" rating to a "neutral" rating in a research report on Thursday, August 8th. BMO Capital Markets lifted their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. Raymond James boosted 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. Finally, Canaccord Genuity Group raised their price objective 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.81.

Coeur Mining Stock Down 4.5 %

Shares of Coeur Mining stock traded down $0.29 during trading on Friday, reaching $6.15. The stock had a trading volume of 9,630,120 shares, compared to its average volume of 10,820,634. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -29.28 and a beta of 1.65. The stock has a fifty day moving average price of $6.56 and a two-hundred day moving average price of $5.98. Coeur Mining, Inc. has a 52 week low of $2.00 and a 52 week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The business had revenue of $222.03 million during the quarter, compared to analysts' expectations of $242.18 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The firm's revenue was up 25.3% on a year-over-year basis. Sell-side analysts predict that Coeur Mining, Inc. will post 0.14 EPS for the current fiscal 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.