Knights of Columbus Asset Advisors LLC Makes New $1.71 Million Investment in Coeur Mining, Inc. $CDE

Knights of Columbus Asset Advisors LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 91,144 shares of the basic materials company’s stock, valued at approximately $1,710,000.

Several other institutional investors have also modified their holdings of CDE. AQR Capital Management LLC grew its stake in shares of 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 in the last quarter. Goldman Sachs Group Inc. boosted 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 acquiring an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Coeur Mining by 122.6% during 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 acquiring an additional 1,339,138 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Coeur Mining in the 1st quarter valued at about $60,000. Finally, Intech Investment Management LLC raised its position in shares of Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 16.8%

CDE stock opened at $20.44 on Friday. The company has a fifty day moving average price of $19.20 and a 200 day moving average price of $16.28. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $27.77. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 30.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 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 business had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Roth Mkm boosted their price objective on shares of Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, October 30th. TD Securities lifted their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $18.17.

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.