33,155 Shares in Coeur Mining, Inc. $CDE Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,155 shares of the basic materials company’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Coeur Mining by 84.0% in the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after acquiring an additional 1,315,348 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Coeur Mining by 246.5% in the 3rd quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock worth $11,410,000 after purchasing an additional 432,683 shares during the period. Moody Aldrich Partners LLC bought a new stake in shares of Coeur Mining during the 3rd quarter valued at about $5,768,000. Allspring Global Investments Holdings LLC increased its position in shares of Coeur Mining by 29.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after buying an additional 539,615 shares during the period. Finally, Precision Wealth Strategies LLC bought a new position in Coeur Mining in the third quarter worth about $1,169,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $23.11 on Thursday. The firm has a market cap of $14.84 billion, a P/E ratio of 35.01 and a beta of 1.21. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77. 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 company has a 50 day moving average of $20.06 and a 200 day moving average of $17.01.

Wall Street Analysts Forecast Growth

CDE has been the topic of a number of research analyst reports. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Roth Mkm raised their price objective on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, Raymond James Financial set a $21.00 target price on shares of Coeur Mining in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Coeur Mining has an average rating of “Buy” and a consensus price target of $18.17.

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.