RFG Advisory LLC Makes New $2.04 Million Investment in Coeur Mining, Inc. $CDE

RFG Advisory LLC purchased a new position in Coeur Mining, Inc. (NYSE:CDE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 108,847 shares of the basic materials company’s stock, valued at approximately $2,042,000.

Several other hedge funds have also recently made changes to their positions in CDE. Signature Estate & Investment Advisors LLC purchased a new position in shares of Coeur Mining in the third quarter worth about $1,907,000. Alps Advisors Inc. increased its stake in shares of Coeur Mining by 40.5% in the 3rd quarter. Alps Advisors Inc. now owns 788,494 shares of the basic materials company’s stock valued at $14,792,000 after purchasing an additional 227,395 shares in the last quarter. Bessemer Group Inc. grew its holdings in Coeur Mining by 1,902.3% in the third quarter. Bessemer Group Inc. now owns 8,009 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 7,609 shares during the period. Savant Capital LLC increased its position in shares of 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. Finally, Envestnet Asset Management Inc. increased its holdings in Coeur Mining by 280.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 95,800 shares of the basic materials company’s stock worth $1,797,000 after acquiring an additional 70,613 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

NYSE:CDE opened at $22.86 on Wednesday. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. The company has a 50 day moving average price of $19.92 and a 200 day moving average price of $16.96. The stock has a market capitalization of $14.68 billion, a P/E ratio of 34.64 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CDE shares. Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 29th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, October 30th. Roth Mkm boosted their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, TD Securities upped their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining has a consensus rating of “Buy” and an average price target of $18.17.

Coeur Mining Company 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.