The Manufacturers Life Insurance Company Has $1.27 Million Stock Holdings in Coeur Mining, Inc. (NYSE:CDE)

The Manufacturers Life Insurance Company raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 29.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 226,406 shares of the basic materials company’s stock after buying an additional 51,474 shares during the period. The Manufacturers Life Insurance Company’s holdings in Coeur Mining were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in CDE. CWM LLC lifted its holdings in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,490 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Coeur Mining during the 1st quarter valued at $46,000. StoneX Group Inc. acquired a new stake in Coeur Mining during the 1st quarter valued at $49,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Coeur Mining during the 2nd quarter worth $49,000. Finally, &PARTNERS bought a new position in Coeur Mining during the 1st quarter worth $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Down 0.2 %

Shares of 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 52 week low of $2.00 and a 52 week high of $7.72. The stock has a market capitalization of $2.55 billion, a P/E ratio of -20.60 and a beta of 1.65. The stock’s fifty day moving average is $6.25 and its 200 day moving average is $5.68.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The company had revenue of $222.03 million for the quarter, compared to analysts’ expectations of $242.18 million. During the same quarter last year, the business earned ($0.06) earnings per share. Coeur Mining’s revenue was up 25.3% on a year-over-year basis. Sell-side analysts forecast that Coeur Mining, Inc. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BMO Capital Markets increased their price objective on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Canaccord Genuity Group increased their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday. Roth Mkm increased their price objective on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Raymond James increased their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.