Jupiter Asset Management Ltd. Sells 421,620 Shares of Coeur Mining, Inc. $CDE

Jupiter Asset Management Ltd. lessened its stake in Coeur Mining, Inc. (NYSE:CDE) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,170,841 shares of the basic materials company’s stock after selling 421,620 shares during the period. Coeur Mining comprises 1.0% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 18th biggest holding. Jupiter Asset Management Ltd. owned approximately 0.96% of Coeur Mining worth $115,765,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC boosted its position in Coeur Mining by 2.3% in the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after buying an additional 1,066 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in 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 acquiring an additional 1,183 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Coeur Mining by 74.2% during 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 period. PNC Financial Services Group Inc. grew its position in shares of Coeur Mining by 20.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,494 shares of the basic materials company’s stock worth $178,000 after buying an additional 1,600 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Coeur Mining by 0.3% during 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 purchasing an additional 1,774 shares during the period. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CDE shares. TD Securities upped their target price 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. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Finally, Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Coeur Mining has an average rating of “Buy” and a consensus price target of $20.88.

Coeur Mining Trading Up 6.6%

CDE stock opened at $24.07 on Friday. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $27.77. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 27.67 and a beta of 1.21. The company has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $17.51. 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 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 return on equity of 19.44% and a net margin of 28.31%.The company had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s quarterly revenue was up 120.9% compared to the same quarter last year. Equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current 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.