Farther Finance Advisors LLC Buys 26,463 Shares of Coeur Mining, Inc. $CDE

Farther Finance Advisors LLC raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 115.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,459 shares of the basic materials company’s stock after buying an additional 26,463 shares during the period. Farther Finance Advisors LLC’s holdings in Coeur Mining were worth $882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of Coeur Mining by 60.2% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. grew 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 worth $49,449,000 after acquiring an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 acquired a new position in Coeur Mining in the 1st quarter worth about $60,000. Finally, Intech Investment Management LLC raised its position 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 valued at $1,594,000 after purchasing an additional 99,256 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CDE. Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 1st. Royal Bank Of Canada raised their price objective on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Coeur Mining Trading Up 4.7%

NYSE CDE opened at $19.31 on Thursday. The firm has a market capitalization of $12.40 billion, a PE ratio of 22.20 and a beta of 1.33. The business’s 50-day moving average price is $20.99 and its two-hundred day moving average price is $19.54. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. Coeur Mining, Inc. has a 12 month low of $5.21 and a 12 month high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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). 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 the consensus estimate of $668.70 million. During the same quarter last year, the business earned $0.11 earnings per share. Coeur Mining’s revenue was up 120.9% compared to the same quarter last year. On average, analysts expect that Coeur Mining, Inc. will post 1.42 EPS for the current year.

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.