Victory Capital Management Inc. Acquires 553,814 Shares of Coeur Mining, Inc. $CDE

Victory Capital Management Inc. lifted its stake in Coeur Mining, Inc. (NYSE:CDE) by 498.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 664,840 shares of the basic materials company’s stock after purchasing an additional 553,814 shares during the quarter. Victory Capital Management Inc.’s holdings in Coeur Mining were worth $12,472,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CDE. AQR Capital Management LLC increased its holdings in Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after buying an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Coeur Mining by 122.6% during 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 valued at $14,393,000 after buying an additional 1,339,138 shares during the period. Focus Partners Wealth bought a new stake in shares of Coeur Mining in the first quarter valued at about $60,000. Finally, Intech Investment Management LLC raised its holdings in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after acquiring an additional 99,256 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CDE. Canaccord Genuity Group cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Roth Mkm restated a “buy” rating and set a $29.00 target price on shares of Coeur Mining in a report on Thursday, February 19th. Zacks Research downgraded Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada boosted their price target on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Coeur Mining Trading Down 4.2%

Coeur Mining stock opened at $22.36 on Thursday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $27.77. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 25.70 and a beta of 1.16. The stock has a 50-day moving average price of $22.58 and a 200 day moving average price of $18.84.

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 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%.The firm’s quarterly revenue was up 120.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current 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.