Inceptionr LLC Makes New $891,000 Investment in Coeur Mining, Inc. $CDE

Inceptionr LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 47,477 shares of the basic materials company’s stock, valued at approximately $891,000.

Other large investors also recently made changes to their positions in the company. Tidal Investments LLC lifted its position in shares of Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coeur Mining by 2.0% during the second quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock worth $132,732,000 after purchasing an additional 288,626 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock valued at $91,446,000 after purchasing an additional 7,013,222 shares in the last quarter. Sprott Inc. increased its stake in Coeur Mining by 2.0% in the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock valued at $172,743,000 after buying an additional 176,388 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after buying an additional 1,278,110 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $22.73 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $22.39 and a 200 day moving average price of $18.74. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 26.13 and a beta of 1.16. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly 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). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 120.9% compared to the same quarter last year. Research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CDE shares. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Zacks Research downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. TD Securities lifted their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Roth Mkm restated a “buy” rating and issued a $29.00 target price on shares of Coeur Mining in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.88.

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.