Cookson Peirce & Co. Inc. Takes $469,000 Position in Coeur Mining, Inc. $CDE

Cookson Peirce & Co. Inc. bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the basic materials company’s stock, valued at approximately $469,000.

Several other institutional investors have also modified their holdings of CDE. GK Wealth Management LLC grew its stake in Coeur Mining by 17.9% during the 3rd quarter. GK Wealth Management LLC now owns 17,095 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 2,599 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Coeur Mining during the 3rd quarter valued at approximately $622,000. Navellier & Associates Inc. boosted its stake in shares of Coeur Mining by 337.4% during the 3rd quarter. Navellier & Associates Inc. now owns 181,721 shares of the basic materials company’s stock valued at $3,409,000 after buying an additional 140,173 shares during the last quarter. Profund Advisors LLC grew its position in shares of Coeur Mining by 40.1% during the third quarter. Profund Advisors LLC now owns 91,131 shares of the basic materials company’s stock worth $1,710,000 after buying an additional 26,077 shares in the last quarter. Finally, RFG Advisory LLC bought a new stake in shares of Coeur Mining in the third quarter worth $2,042,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of research analyst reports. Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a research note on Thursday, October 30th. TD Securities upped their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 29th. Roth Mkm lifted their price target on Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $19.29.

Coeur Mining Trading Up 7.2%

Coeur Mining stock opened at $22.45 on Friday. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $27.77. The firm’s 50-day moving average is $20.29 and its 200-day moving average is $17.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. The company has a market cap of $14.42 billion, a P/E ratio of 34.02 and a beta of 1.21.

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.