2 weeks Ago By Defense World Staff
Geode Capital Management LLC decreased its holdings in shares of Coeur Mining, Inc. ( NYSE:CDE – Free Report ) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 9,100,056 shares of the basic materials company’s stock after selling 46,051 shares during the quarter. Geode Capital Management LLC owned about 2.28% of Coeur Mining worth $52,065,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in CDE. Vanguard Group Inc. boosted its stake in Coeur Mining by 8.
5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock worth $232,805,000 after buying an additional 3,178,785 shares during the last quarter.
Arrowstreet Capital Limited Partnership boosted its position in shares of Coeur Mining by 253.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company’s stock worth $8,419,000 after acquiring an additional 1,055,084 shares during the last quarter.
Segall Bryant & Hamill LLC purchased a new stake in Coeur Mining in the fourth quarter valued at approximately $4,439,000. JPMorgan Chase & Co. raised its stake in Coeur Mining by 88.
3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after purchasing an additional 665,452 shares during the period.
Finally, Raymond James Financial Inc. acquired a new position in shares of Coeur Mining in the 4th quarter valued at $3,738,000. Hedge funds and other institutional investors own 63.
01% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have recently commented on CDE. TD Securities initiated coverage on Coeur Mining in a report on Tuesday, March 11th.
They set a “buy” rating and a $7.00 price objective for the company. Raymond James restated an “outperform” rating and issued a $8.
50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. Roth Mkm cut their price target on shares of Coeur Mining from $8.
50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th.
One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $8.10.
Insider Activity at Coeur Mining In related news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $5.
25 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.
50. This represents a 1.52 % increase in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . 1.56% of the stock is currently owned by company insiders.
Coeur Mining Trading Up 7.8 % CDE opened at $5.92 on Monday.
The firm has a market capitalization of $3.78 billion, a P/E ratio of 49.32 and a beta of 1.
35. The firm’s 50 day moving average is $5.92 and its 200-day moving average is $6.
26. The company has a quick ratio of 0.39, a current ratio of 0.
83 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc.
has a 52-week low of $4.03 and a 52-week high of $7.72.
Coeur Mining ( NYSE:CDE – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.
11. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.
32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.
59%. Analysts expect that Coeur Mining, Inc. will post 0.
58 EPS for the current fiscal year. Coeur Mining Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Coeur Mining What is the Nasdaq? Complete Overview with History Is McDonald’s Stock Serving a Value Meal to Investors? Utilities Stocks Explained – How and Why to Invest in Utilities Walgreens Comeback? Private Equity Circling for a Buyout The Basics of Support and Resistance Coca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding CDE? Visit HoldingsChannel.
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