Assenagon Asset Management S.A. Sells 551,044 Shares of Coeur Mining, Inc. $CDE

Assenagon Asset Management S.A. cut its holdings in Coeur Mining, Inc. (NYSE:CDEFree Report) by 68.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 259,391 shares of the basic materials company’s stock after selling 551,044 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Coeur Mining were worth $4,625,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares in the last quarter. Covestor Ltd raised its position in shares of Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,823 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Coeur Mining during the 3rd quarter valued at about $35,000. Luminist Capital LLC bought a new position in shares of Coeur Mining in the 2nd quarter valued at about $40,000. Finally, Focus Partners Wealth purchased a new position in Coeur Mining in the first quarter worth about $60,000. Institutional investors own 63.01% of the company’s stock.

Key Headlines Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

Analyst Ratings Changes

Several equities research analysts have weighed in on CDE shares. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Canaccord Genuity Group downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Roth Mkm restated a “buy” rating and set a $29.00 price target on shares of Coeur Mining in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Check Out Our Latest Stock Analysis on Coeur Mining

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $17.08 on Monday. 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 $4.58 and a 12 month high of $27.77. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 19.63 and a beta of 1.16. The firm’s 50-day moving average is $22.31 and its 200 day moving average is $19.32.

Coeur Mining (NYSE:CDEGet Free Report) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $674.85 million for the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The firm’s quarterly revenue was up 120.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

About Coeur Mining

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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