HighTower Advisors LLC Lowers Position in Coeur Mining, Inc. $CDE

HighTower Advisors LLC trimmed its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 18.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,866 shares of the basic materials company’s stock after selling 52,058 shares during the quarter. HighTower Advisors LLC’s holdings in Coeur Mining were worth $4,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CDE. AQR Capital Management LLC boosted its holdings in Coeur Mining by 60.2% during the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after buying an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after buying an additional 1,339,138 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Coeur Mining in the 1st quarter worth approximately $60,000. Finally, Intech Investment Management LLC grew its holdings in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after acquiring an additional 99,256 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CDE. Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Roth Mkm reissued a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a report on Thursday, February 19th. Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a report on Thursday, October 30th. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.88.

Coeur Mining Trading Up 1.6%

Shares of Coeur Mining stock opened at $24.82 on Wednesday. The stock has a market capitalization of $15.93 billion, a P/E ratio of 28.52 and a beta of 1.21. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-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 stock’s 50-day simple moving average is $21.27 and its 200 day simple moving average is $17.91.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 120.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.