Allspring Global Investments Holdings LLC Has $35.59 Million Stock Holdings in Coeur Mining, Inc. $CDE

Allspring Global Investments Holdings LLC reduced its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,027,849 shares of the basic materials company’s stock after selling 340,222 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.32% of Coeur Mining worth $35,589,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in shares of Coeur Mining during the 3rd quarter worth approximately $35,000. Covestor Ltd boosted its stake in Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,823 shares in the last quarter. Bogart Wealth LLC bought a new position in Coeur Mining in the third quarter valued at about $62,000. EverSource Wealth Advisors LLC raised its stake in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Coeur Mining by 2,023.7% in the third quarter. IFP Advisors Inc now owns 4,396 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 4,189 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Performance

NYSE CDE opened at $19.05 on Friday. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 21.90 and a beta of 1.33. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77. The stock has a fifty day simple moving average of $21.89 and a 200 day simple moving average of $19.35.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada boosted their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Roth Mkm restated a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a research report on Thursday, February 19th. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and an average target price of $24.67.

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.