Coeur Mining, Inc. $CDE Shares Sold by Bailard Inc.

Bailard Inc. trimmed its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 51.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,800 shares of the basic materials company’s stock after selling 23,800 shares during the quarter. Bailard Inc.’s holdings in Coeur Mining were worth $428,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CDE. EverSource Wealth Advisors LLC boosted its stake in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Luminist Capital LLC purchased a new position in shares of Coeur Mining in the second quarter worth about $40,000. Focus Partners Wealth acquired a new position in Coeur Mining during the first quarter worth about $60,000. Bogart Wealth LLC purchased a new stake in Coeur Mining during the 3rd quarter valued at about $62,000. Finally, PNC Financial Services Group Inc. grew its stake in Coeur Mining by 180.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,894 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 5,075 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDE has been the topic of several recent research reports. TD Securities boosted their target price on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Roth Mkm boosted their price objective on Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $18.17.

Coeur Mining Price Performance

CDE stock opened at $26.11 on Friday. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $26.50. 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 stock has a market cap of $16.76 billion, a price-to-earnings ratio of 39.56 and a beta of 1.24. The business has a fifty day moving average of $18.19 and a two-hundred day moving average of $15.75.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $554.57 million for the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The business’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.