Alps Advisors Inc. Decreases Stake in Coeur Mining, Inc. (NYSE:CDE)

Alps Advisors Inc. lowered its holdings in Coeur Mining, Inc. (NYSE:CDEGet Rating) by 47.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,191 shares of the basic materials company’s stock after selling 300,799 shares during the quarter. Alps Advisors Inc. owned 0.12% of Coeur Mining worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. StoneX Group Inc. purchased a new position in shares of Coeur Mining in the second quarter worth $47,000. Mackenzie Financial Corp grew its holdings in shares of Coeur Mining by 23.6% in the second quarter. Mackenzie Financial Corp now owns 17,877 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 3,415 shares during the period. Merit Financial Group LLC bought a new stake in shares of Coeur Mining in the second quarter worth $58,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Coeur Mining in the second quarter worth $62,000. Finally, Private Advisor Group LLC bought a new stake in shares of Coeur Mining in the second quarter worth $64,000. Hedge funds and other institutional investors own 63.13% of the company’s stock.

Wall Street Analysts Forecast Growth

CDE has been the subject of several research analyst reports. StockNews.com initiated coverage on Coeur Mining in a report on Wednesday, October 12th. They issued a “sell” rating for the company. BMO Capital Markets cut their price objective on Coeur Mining from $4.75 to $3.75 and set a “market perform” rating for the company in a report on Thursday, August 4th. Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating and cut their price objective for the stock from $3.75 to $3.50 in a report on Friday, August 5th. Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating and cut their price target for the company from $3.75 to $3.50 in a report on Friday, August 5th. Finally, Raymond James boosted their price target on Coeur Mining from $5.00 to $5.25 and gave the company a “market perform” rating in a report on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.04.

Coeur Mining Stock Performance

NYSE:CDE opened at $3.25 on Monday. The stock has a 50-day simple moving average of $3.50 and a two-hundred day simple moving average of $3.34. Coeur Mining, Inc. has a 52-week low of $2.54 and a 52-week high of $6.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.18 and a current ratio of 1.73. The firm has a market capitalization of $913.05 million, a PE ratio of -6.50 and a beta of 1.52.

Coeur Mining Company Profile

(Get Rating)

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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

See Also

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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