GSA Capital Partners LLP Trims Holdings in Coeur Mining, Inc. $CDE

GSA Capital Partners LLP lowered its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 74.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,797 shares of the basic materials company’s stock after selling 67,754 shares during the period. GSA Capital Partners LLP’s holdings in Coeur Mining were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CDE. JPMorgan Chase & Co. increased its position in Coeur Mining by 84.0% during the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after purchasing an additional 1,315,348 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Coeur Mining by 246.5% in the 3rd quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock valued at $11,410,000 after buying an additional 432,683 shares during the period. Moody Aldrich Partners LLC purchased a new stake in shares of Coeur Mining in the 3rd quarter valued at approximately $5,768,000. Precision Wealth Strategies LLC acquired a new stake in shares of Coeur Mining during the 3rd quarter worth approximately $1,169,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Coeur Mining by 29.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after buying an additional 539,615 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

NYSE CDE opened at $24.82 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66. The company has a market cap of $15.93 billion, a P/E ratio of 28.52 and a beta of 1.21. The stock has a 50-day moving average of $21.27 and a two-hundred day moving average of $17.91. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $27.77.

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

Analyst Ratings Changes

Several research analysts recently weighed in on CDE shares. TD Securities increased their price objective on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Raymond James Financial set a $21.00 price objective on Coeur Mining in a research report on Thursday, October 30th. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada upped their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $20.88.

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.