Jupiter Asset Management Ltd. Sells 421,620 Shares of Coeur Mining, Inc. $CDE

Jupiter Asset Management Ltd. decreased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,170,841 shares of the basic materials company’s stock after selling 421,620 shares during the period. Coeur Mining makes up 1.0% of Jupiter Asset Management Ltd.’s holdings, making the stock its 18th biggest position. Jupiter Asset Management Ltd.’s holdings in Coeur Mining were worth $115,765,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CDE. Tidal Investments LLC boosted its holdings in Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after purchasing an additional 7,382,955 shares during the period. Geode Capital Management LLC grew its position in 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 buying an additional 288,626 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Coeur Mining by 212.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after acquiring an additional 7,013,222 shares during the period. Goldman Sachs Group Inc. raised its stake in Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Coeur Mining by 12.3% in the 2nd quarter. Schroder Investment Management Group now owns 6,592,203 shares of the basic materials company’s stock valued at $58,407,000 after buying an additional 723,064 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CDE. Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Raymond James Financial set a $21.00 target price on Coeur Mining in a research note on Thursday, October 30th. TD Securities raised their target price on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Thursday, October 30th. Finally, Royal Bank Of Canada upped their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Coeur Mining has an average rating of “Buy” and an average price target of $20.88.

Coeur Mining Stock Performance

Shares of CDE stock opened at $24.07 on Friday. The business’s 50-day moving average price is $20.81 and its 200-day moving average price is $17.51. Coeur Mining, Inc. has a 12 month low of $4.58 and a 12 month high of $27.77. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 27.67 and a beta of 1.21. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 19.44%. The firm had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. During the same period in the prior year, the company earned $0.11 EPS. The business’s quarterly revenue was up 120.9% compared to the same quarter last year. Equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.