Barclays PLC Sells 227,322 Shares of Coeur Mining, Inc. $CDE

Barclays PLC cut its holdings in Coeur Mining, Inc. (NYSE:CDE) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,283,860 shares of the basic materials company’s stock after selling 227,322 shares during the period. Barclays PLC owned 0.20% of Coeur Mining worth $24,085,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CDE. AQR Capital Management LLC grew its stake in 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 acquiring an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 worth $49,449,000 after acquiring an additional 1,278,110 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Coeur Mining by 122.6% in 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 worth $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth bought a new position in Coeur Mining in the 1st quarter valued at $60,000. Finally, Intech Investment Management LLC boosted its holdings in Coeur Mining by 58.4% in the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after purchasing an additional 99,256 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 4.2%

Shares of NYSE CDE opened at $22.36 on Thursday. The firm’s fifty day moving average is $22.58 and its 200 day moving average is $18.84. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $27.77. 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 company has a market cap of $14.36 billion, a price-to-earnings ratio of 25.70 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CDE. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Royal Bank Of Canada boosted their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Canaccord Genuity Group cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.