Vontobel Holding Ltd. Has $14.53 Million Position in Coeur Mining, Inc. $CDE

Vontobel Holding Ltd. decreased its position in Coeur Mining, Inc. (NYSE:CDE) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 774,461 shares of the basic materials company’s stock after selling 51,462 shares during the period. Vontobel Holding Ltd. owned 0.12% of Coeur Mining worth $14,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC lifted its holdings in Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after acquiring an additional 7,382,955 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Coeur Mining by 72.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock worth $106,801,000 after buying an additional 7,579,901 shares during the period. Geode Capital Management LLC lifted its stake in Coeur Mining by 2.0% in the second quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock valued at $132,732,000 after buying an additional 288,626 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Coeur Mining by 212.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock valued at $91,446,000 after buying an additional 7,013,222 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Coeur Mining by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after acquiring an additional 1,278,110 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Price Performance

Shares of CDE opened at $18.70 on Thursday. The company’s fifty day simple moving average is $16.71 and its 200 day simple moving average is $14.03. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $23.61. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 28.33 and a beta of 1.33. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The firm had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. During the same period in the previous year, the company posted $0.12 earnings per share. The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. On average, research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CDE. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, October 30th. TD Securities boosted their price target on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Raymond James Financial set a $21.00 price objective on Coeur Mining in a report on Thursday, October 30th. Roth Capital boosted their target price on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

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.