Van ECK Associates Corp Increases Stock Position in Coeur Mining, Inc. $CDE

Van ECK Associates Corp boosted its stake in Coeur Mining, Inc. (NYSE:CDE) by 55.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,002,193 shares of the basic materials company’s stock after purchasing an additional 23,646,265 shares during the quarter. Coeur Mining makes up 1.1% of Van ECK Associates Corp’s investment portfolio, making the stock its 23rd largest position. Van ECK Associates Corp owned about 0.10% of Coeur Mining worth $1,238,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CDE. Covestor Ltd grew its holdings 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 purchasing an additional 1,823 shares in the last quarter. Bogart Wealth LLC purchased a new position in Coeur Mining in the 3rd quarter worth $62,000. EverSource Wealth Advisors LLC lifted its stake in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,435 shares during the last quarter. Luminist Capital LLC purchased a new stake in shares of Coeur Mining during the second quarter valued at approximately $40,000. Finally, MAI Capital Management grew its holdings in Coeur Mining by 36.4% in the 3rd quarter. MAI Capital Management now owns 5,704 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 1,521 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Trading Up 0.4%

CDE opened at $22.73 on Tuesday. 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’s 50 day moving average price is $22.39 and its 200-day moving average price is $18.74. 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 $14.60 billion, a price-to-earnings ratio of 26.13 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $674.85 million for 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%.The business’s revenue was up 120.9% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. On average, equities analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

CDE has been the subject of several research analyst reports. Canaccord Genuity Group cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. TD Securities boosted their price objective on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Royal Bank Of Canada increased 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. Finally, Zacks Research lowered shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.88.

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.