Algert Global LLC Buys 207,670 Shares of Coeur Mining, Inc. $CDE

Algert Global LLC grew its stake in Coeur Mining, Inc. (NYSE:CDE) by 65.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 526,860 shares of the basic materials company’s stock after buying an additional 207,670 shares during the period. Algert Global LLC owned approximately 0.08% of Coeur Mining worth $9,884,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CDE. Covestor Ltd raised its stake in shares of Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,823 shares in the last quarter. Bogart Wealth LLC bought a new stake in Coeur Mining during the third quarter worth approximately $62,000. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 1,435 shares during the period. Luminist Capital LLC acquired a new position in Coeur Mining during the second quarter valued at approximately $40,000. Finally, Employees Retirement System of Texas acquired a new position in Coeur Mining during the third quarter valued at approximately $106,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 7.0%

Shares of CDE opened at $20.18 on Monday. The stock’s 50-day moving average price is $22.71 and its 200 day moving average price is $19.01. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 23.20 and a beta of 1.16. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $27.77.

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

Analyst Upgrades and Downgrades

CDE has been the subject of a number of analyst reports. Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Canaccord Genuity Group cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

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.