Coeur Mining, Inc. $CDE Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 2.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 947,503 shares of the basic materials company’s stock after selling 24,798 shares during the quarter. Rhumbline Advisers’ holdings in Coeur Mining were worth $17,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Savant Capital LLC raised its stake in Coeur Mining by 2.3% in the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 1,066 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Coeur Mining by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 1,183 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Coeur Mining by 7.2% during the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 1,602 shares during the period. Finally, California State Teachers Retirement System boosted its position in Coeur Mining by 0.3% in the second quarter. California State Teachers Retirement System now owns 590,900 shares of the basic materials company’s stock valued at $5,235,000 after buying an additional 1,774 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

CDE opened at $21.83 on Wednesday. The firm has a fifty day moving average price of $20.55 and a 200 day moving average price of $17.43. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $27.77. The stock has a market cap of $14.02 billion, a P/E ratio of 33.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10.

Analyst Ratings Changes

A number of equities analysts have issued reports on CDE shares. Royal Bank Of Canada raised their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. TD Securities raised their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Roth Mkm upped their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $19.29.

Coeur Mining Company 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.