Navellier & Associates Inc. Purchases 140,173 Shares of Coeur Mining, Inc. $CDE

Navellier & Associates Inc. increased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 337.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,721 shares of the basic materials company’s stock after acquiring an additional 140,173 shares during the quarter. Navellier & Associates Inc.’s holdings in Coeur Mining were worth $3,409,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Coeur Mining by 84.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after buying an additional 1,315,348 shares during the period. Voya Investment Management LLC boosted its holdings 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 acquiring an additional 432,683 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Coeur Mining in the third quarter worth $5,768,000. Allspring Global Investments Holdings LLC increased its stake in shares of Coeur Mining by 29.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock worth $44,709,000 after acquiring an additional 539,615 shares during the period. Finally, Precision Wealth Strategies LLC purchased a new position in shares of Coeur Mining during the third quarter worth $1,169,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CDE. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 29th. TD Securities raised their target price on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Raymond James Financial set a $21.00 price target on Coeur Mining in a report on Thursday, October 30th. Finally, Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining has an average rating of “Buy” and a consensus target price of $18.17.

Coeur Mining Stock Performance

Shares of CDE stock opened at $23.08 on Tuesday. 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, Inc. has a 12-month low of $4.58 and a 12-month high of $27.77. The business’s 50 day moving average is $19.80 and its two-hundred day moving average is $16.87. The company has a market capitalization of $14.82 billion, a P/E ratio of 34.97 and a beta of 1.21.

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.