Signature Estate & Investment Advisors LLC Takes Position in Coeur Mining, Inc. $CDE

Signature Estate & Investment Advisors LLC bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 101,676 shares of the basic materials company’s stock, valued at approximately $1,907,000.

Several other hedge funds have also recently bought and sold shares of CDE. JPMorgan Chase & Co. raised its holdings in Coeur Mining by 84.0% during the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after acquiring an additional 1,315,348 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Coeur Mining by 246.5% during the 3rd quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock worth $11,410,000 after purchasing an additional 432,683 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Coeur Mining during the 3rd quarter worth approximately $5,768,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Coeur Mining by 29.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after buying an additional 539,615 shares during the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in shares of Coeur Mining in the third quarter valued at $1,169,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CDE shares. TD Securities upped their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 29th. Finally, Roth Mkm upped their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $18.17.

Coeur Mining Price Performance

Shares of CDE opened at $21.45 on Monday. The business has a 50-day simple moving average of $19.67 and a two-hundred day simple moving average of $16.77. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $27.77. The stock has a market cap of $13.77 billion, a PE ratio of 32.50 and a beta of 1.21.

Coeur Mining Profile

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.