Fermata Advisors LLC Has $90,000 Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Fermata Advisors LLC reduced its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 23.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,091 shares of the basic materials company’s stock after selling 4,006 shares during the quarter. Fermata Advisors LLC’s holdings in Coeur Mining were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CDE. Vanguard Group Inc. boosted its stake in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares in the last quarter. Marotta Asset Management lifted its stake in Coeur Mining by 50.0% in the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 5,000 shares during the last quarter. &PARTNERS acquired a new stake in Coeur Mining in the first quarter valued at approximately $54,000. Salem Investment Counselors Inc. grew its stake in shares of Coeur Mining by 10.6% during the first quarter. Salem Investment Counselors Inc. now owns 514,600 shares of the basic materials company’s stock worth $1,940,000 after buying an additional 49,500 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Coeur Mining during the first quarter worth $46,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

NYSE:CDE opened at $6.39 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $7.72. The company has a 50 day simple moving average of $6.27 and a two-hundred day simple moving average of $5.70. The company has a market capitalization of $2.55 billion, a PE ratio of -20.60 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. During the same period in the prior year, the company posted ($0.06) earnings per share. Coeur Mining’s revenue for the quarter was up 25.3% compared to the same quarter last year. Research analysts anticipate that Coeur Mining, Inc. will post 0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CDE shares. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Canaccord Genuity Group lifted their price target on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research note on Tuesday. Roth Mkm boosted their price target on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, September 25th. BMO Capital Markets raised their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, Raymond James boosted their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.