Kingswood Wealth Advisors LLC Makes New $176,000 Investment in Coeur Mining, Inc. (NYSE:CDE)

Kingswood Wealth Advisors LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDEFree Report) in the fourth quarter, Holdings Channel reports. The fund purchased 54,000 shares of the basic materials company’s stock, valued at approximately $176,000.

Other institutional investors have also modified their holdings of the company. Alberta Investment Management Corp acquired a new stake in shares of Coeur Mining in the second quarter valued at $29,000. Rathbones Group PLC acquired a new stake in shares of Coeur Mining in the third quarter valued at $35,000. Point72 Middle East FZE acquired a new stake in shares of Coeur Mining in the fourth quarter valued at $36,000. Envestnet Asset Management Inc. acquired a new stake in shares of Coeur Mining in the third quarter valued at $37,000. Finally, CI Private Wealth LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CDE shares. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Wednesday, January 3rd. Raymond James cut their target price on Coeur Mining from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.79.

View Our Latest Report on CDE

Coeur Mining Stock Up 5.6 %

Shares of Coeur Mining stock opened at $3.77 on Friday. The stock’s fifty day moving average is $2.92 and its 200-day moving average is $2.76. The firm has a market capitalization of $1.46 billion, a PE ratio of -12.16 and a beta of 1.77. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. Coeur Mining, Inc. has a 12-month low of $2.00 and a 12-month high of $4.55.

Coeur Mining (NYSE:CDEGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. The business had revenue of $262.10 million for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. Equities analysts anticipate that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.

Coeur Mining Company Profile

(Free Report)

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.

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

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