Cibc World Market Inc. Sells 293,071 Shares of Coeur Mining, Inc. (NYSE:CDE)

Cibc World Market Inc. cut its position in shares of Coeur Mining, Inc. (NYSE:CDEGet Rating) by 86.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,799 shares of the basic materials company’s stock after selling 293,071 shares during the quarter. Cibc World Market Inc.’s holdings in Coeur Mining were worth $136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $47,000. Merit Financial Group LLC acquired a new stake in Coeur Mining during the second quarter worth $58,000. Y Intercept Hong Kong Ltd bought a new stake in Coeur Mining in the 2nd quarter valued at $62,000. Private Advisor Group LLC bought a new stake in Coeur Mining in the 2nd quarter valued at $64,000. Finally, Shufro Rose & Co. LLC acquired a new position in shares of Coeur Mining in the 1st quarter valued at $67,000. 63.13% of the stock is currently owned by institutional investors.

Coeur Mining Trading Up 0.3 %

CDE stock opened at $3.41 on Friday. The business has a fifty day moving average price of $3.53 and a 200 day moving average price of $3.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.73 and a quick ratio of 1.18. Coeur Mining, Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $6.11. The stock has a market capitalization of $958.01 million, a price-to-earnings ratio of -6.82 and a beta of 1.52.

Analyst Ratings Changes

CDE has been the topic of several recent research reports. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and decreased their target price for the company from $3.75 to $3.50 in a research report on Friday, August 5th. Cormark lowered their price objective on Coeur Mining to $3.00 in a research note on Wednesday, November 16th. Raymond James raised their target price on Coeur Mining from $5.00 to $5.25 and gave the stock a “market perform” rating in a research report on Tuesday, September 20th. Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating and decreased their price target for the company from $3.75 to $3.50 in a research note on Friday, August 5th. Finally, StockNews.com began coverage on Coeur Mining in a research note on Wednesday, October 12th. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.04.

Coeur Mining Profile

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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

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

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