Coeur Mining, Inc. $CDE Stake Boosted by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,801,926 shares of the basic materials company’s stock after purchasing an additional 42,319 shares during the quarter. American Century Companies Inc. owned approximately 0.44% of Coeur Mining worth $52,564,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Xponance Inc. grew its stake in Coeur Mining by 13.1% in the third quarter. Xponance Inc. now owns 56,409 shares of the basic materials company’s stock valued at $1,058,000 after purchasing an additional 6,520 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new position in Coeur Mining in the 3rd quarter valued at $194,000. US Bancorp DE increased its stake in shares of Coeur Mining by 75.7% in the third quarter. US Bancorp DE now owns 20,828 shares of the basic materials company’s stock worth $391,000 after purchasing an additional 8,971 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Coeur Mining during the third quarter worth approximately $247,000. Finally, MAI Capital Management raised its stake in Coeur Mining by 36.4% during the 3rd quarter. MAI Capital Management now owns 5,704 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 1,521 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $22.61 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $22.23 and its two-hundred day moving average price is $18.48. The company has a market cap of $14.52 billion, a PE ratio of 25.99 and a beta of 1.16. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The firm’s quarterly revenue was up 120.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. On average, analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

CDE has been the subject of a number of analyst reports. Zacks Research downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. TD Securities increased their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada raised their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Roth Mkm restated a “buy” rating and set a $29.00 target price on shares of Coeur Mining in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.88.

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.