Profund Advisors LLC Grows Holdings in Coeur Mining, Inc. $CDE

Profund Advisors LLC boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,131 shares of the basic materials company’s stock after acquiring an additional 26,077 shares during the period. Profund Advisors LLC’s holdings in Coeur Mining were worth $1,710,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Coeur Mining by 60.2% during the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after purchasing an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after buying an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Coeur Mining by 122.6% during the 1st 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 valued at $14,393,000 after buying an additional 1,339,138 shares in the last quarter. Focus Partners Wealth purchased a new position in Coeur Mining during the first quarter valued at $60,000. Finally, Intech Investment Management LLC boosted 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 worth $1,594,000 after acquiring an additional 99,256 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 29th. Roth Mkm raised their price objective 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. TD Securities upped their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $18.17.

Coeur Mining Stock Performance

Shares of CDE stock opened at $23.08 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $19.80 and a 200-day moving average price of $16.87. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $27.77. The firm has a market capitalization of $14.82 billion, a PE ratio of 34.97 and a beta of 1.21.

Coeur Mining Company 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.