Waratah Capital Advisors Ltd. Takes Position in Coeur Mining, Inc. $CDE

Waratah Capital Advisors Ltd. purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 525,785 shares of the basic materials company’s stock, valued at approximately $9,864,000.

Several other large investors have also modified their holdings of CDE. Covestor Ltd grew its position in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,823 shares during the last quarter. Bogart Wealth LLC purchased a new position in Coeur Mining during the 3rd quarter worth $62,000. EverSource Wealth Advisors LLC increased its stake in 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 valued at $30,000 after purchasing an additional 1,435 shares during the period. Luminist Capital LLC purchased a new stake in shares of Coeur Mining in the second quarter valued at about $40,000. Finally, USA Financial Formulas purchased a new stake in shares of Coeur Mining in the third quarter valued at about $110,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CDE shares. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Finally, Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Two 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 stock. According to data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target of $20.88.

Coeur Mining Price Performance

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

Coeur Mining (NYSE:CDE) last announced 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 net margin of 28.31% and a return on equity of 18.75%. The company had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 120.9% compared to the same quarter last year. As a group, analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

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.