Coeur Mining, Inc. $CDE Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,216,676 shares of the basic materials company’s stock after selling 3,509,328 shares during the quarter. Vanguard Group Inc. owned 0.09% of Coeur Mining worth $1,038,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp grew its stake in Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after purchasing an additional 23,646,265 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after purchasing an additional 6,352,828 shares in the last quarter. Tidal Investments LLC grew its stake in Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Coeur Mining by 38.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock worth $268,329,000 after purchasing an additional 3,982,085 shares in the last quarter. Finally, Sprott Inc. grew its stake in Coeur Mining by 2.0% during the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock worth $172,743,000 after purchasing an additional 176,388 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Down 2.0%

Coeur Mining stock opened at $17.60 on Friday. Coeur Mining, Inc. has a fifty-two week low of $5.21 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47. The company has a market capitalization of $11.30 billion, a P/E ratio of 20.23 and a beta of 1.24. The stock has a 50-day simple moving average of $20.50 and a 200-day simple moving average of $19.48.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company 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 revenue was up 120.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. Equities research analysts expect that Coeur Mining, Inc. will post 1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CDE shares. Royal Bank Of Canada lifted their price target on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce started coverage on Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday. BMO Capital Markets started coverage on Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target for the company. Finally, Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

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.