MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 6,352,828 Shares of Coeur Mining, Inc. $CDE

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Coeur Mining, Inc. (NYSE:CDE) by 36.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,857,511 shares of the basic materials company’s stock after acquiring an additional 6,352,828 shares during the period. Coeur Mining comprises about 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings, making the stock its 17th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 3.71% of Coeur Mining worth $447,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after purchasing an additional 23,646,265 shares during the period. Tidal Investments LLC boosted its stake in shares of Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after purchasing an additional 7,382,955 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock valued at $91,446,000 after purchasing an additional 7,013,222 shares during the period. American Century Companies Inc. grew its holdings in shares of Coeur Mining by 136.1% in the second quarter. American Century Companies Inc. now owns 2,759,607 shares of the basic materials company’s stock worth $24,450,000 after purchasing an additional 1,591,008 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Coeur Mining by 122.6% in the first 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 buying an additional 1,339,138 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CDE. Royal Bank Of Canada upped their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Weiss Ratings upgraded shares of Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Roth Mkm reiterated a “buy” rating and set a $29.00 target price on shares of Coeur Mining in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Coeur Mining Stock Up 3.7%

Shares of NYSE:CDE opened at $20.94 on Tuesday. The firm has a market capitalization of $13.45 billion, a P/E ratio of 24.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47. The stock has a 50 day moving average price of $22.76 and a 200-day moving average price of $19.07. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week 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 for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.Coeur Mining’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

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.