Franklin Resources Inc. Has $1.48 Million Stock Position in Coeur Mining, Inc. $CDE

Franklin Resources Inc. cut its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 28.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,585 shares of the basic materials company’s stock after selling 66,619 shares during the period. Franklin Resources Inc.’s holdings in Coeur Mining were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CDE. Vanguard Group Inc. raised its stake in shares of Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after buying an additional 23,303,638 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Coeur Mining by 26.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock worth $128,774,000 after acquiring an additional 4,594,097 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Coeur Mining by 72.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock valued at $106,801,000 after acquiring an additional 7,579,901 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Coeur Mining by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock valued at $132,732,000 after acquiring an additional 288,626 shares during the last quarter. Finally, Sprott Inc. lifted its stake in shares of Coeur Mining by 889.3% in the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company’s stock valued at $66,963,000 after purchasing an additional 10,180,102 shares during the period. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

CDE has been the subject of a number of analyst reports. Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Zacks Research cut Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Thursday, October 30th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research report on Thursday, October 30th. Finally, TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and an average target price of $16.32.

Coeur Mining Trading Down 0.5%

NYSE CDE opened at $16.07 on Friday. The firm has a market cap of $10.32 billion, a P/E ratio of 24.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The stock’s 50-day moving average is $17.41 and its 200-day moving average is $13.12. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $23.61.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. Coeur Mining’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Mitchell J. Krebs sold 125,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the sale, the chief executive officer owned 2,197,309 shares of the company’s stock, valued at $32,190,576.85. This represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

About Coeur Mining

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.