Coeur Mining, Inc. $CDE Shares Acquired by Alps Advisors Inc.

Alps Advisors Inc. increased its stake in Coeur Mining, Inc. (NYSE:CDE) by 40.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 788,494 shares of the basic materials company’s stock after buying an additional 227,395 shares during the period. Alps Advisors Inc. owned about 0.12% of Coeur Mining worth $14,792,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CDE. AQR Capital Management LLC increased its position in shares of Coeur Mining by 60.2% in the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Coeur Mining by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth bought a new stake in Coeur Mining in the first quarter valued at about $60,000. Finally, Intech Investment Management LLC increased its holdings in Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after buying an additional 99,256 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CDE has been the subject of several research reports. Cormark lowered Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Roth Mkm lifted their price objective on shares of Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Zacks Research upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Coeur Mining currently has a consensus rating of “Buy” and a consensus price target of $18.17.

Coeur Mining Stock Performance

CDE stock opened at $21.45 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 32.50 and a beta of 1.21. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $27.77. The stock’s fifty day moving average is $19.67 and its two-hundred day moving average is $16.77.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.