Ballentine Partners LLC Purchases 4,586 Shares of Coeur Mining, Inc. (NYSE:CDE)

Ballentine Partners LLC increased its position in Coeur Mining, Inc. (NYSE:CDE) by 31.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,021 shares of the basic materials company’s stock after purchasing an additional 4,586 shares during the quarter. Ballentine Partners LLC’s holdings in Coeur Mining were worth $131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CDE. Vanguard Group Inc. lifted its position in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after buying an additional 3,989,352 shares during the period. Tidal Investments LLC purchased a new stake in shares of Coeur Mining in the 1st quarter worth about $41,587,000. American Century Companies Inc. increased its stake in shares of Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after acquiring an additional 4,606,711 shares in the last quarter. Millennium Management LLC lifted its position in Coeur Mining by 2.6% during the 2nd quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock valued at $15,926,000 after acquiring an additional 72,423 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Coeur Mining by 18.5% during the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock worth $10,254,000 after acquiring an additional 424,835 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Price Performance

NYSE:CDE opened at $6.82 on Thursday. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of -22.00 and a beta of 1.65. The business has a 50 day simple moving average of $6.56 and a 200-day simple moving average of $5.94. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $7.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

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

Analyst Ratings Changes

A number of brokerages have weighed in on CDE. Raymond James raised their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. BMO Capital Markets raised their price objective on Coeur Mining from $7.50 to $8.00 and gave the company 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 note on Thursday, August 8th. Canaccord Genuity Group increased their target price on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Roth Mkm raised their price target on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining 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.