Coeur Mining, Inc. (NYSE:CDE) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 248.1% during the second quarter, Holdings Channel reports. The firm owned 6,463,587 shares of the basic materials company’s stock after buying an additional 4,606,711 shares during the period. American Century Companies Inc.’s holdings in Coeur Mining were worth $36,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CDE. Ballentine Partners LLC increased its position in Coeur Mining by 18.3% in the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock worth $81,000 after buying an additional 2,232 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Coeur Mining by 12.7% during the first quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 4,030 shares during the last quarter. CWM LLC increased its holdings in shares of Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 4,490 shares during the period. Marotta Asset Management lifted its position in Coeur Mining by 50.0% in the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Coeur Mining by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 5,956 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

CDE has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a report on Friday, July 12th. Roth Mkm reiterated a “buy” rating and set a $8.00 price target (up previously from $7.25) on shares of Coeur Mining in a research report on Friday, August 9th. Raymond James increased their price target on Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.44.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $6.97 on Wednesday. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $7.31. The firm has a market cap of $2.78 billion, a P/E ratio of -22.48 and a beta of 1.64. The stock has a fifty day moving average price of $6.11 and a two-hundred day moving average price of $5.27. 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 (NYSE:CDE) last released its 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. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. During the same period in the previous year, the company earned ($0.06) earnings per share. Coeur Mining’s revenue was up 25.3% compared to the same quarter last year. Research analysts forecast that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

About Coeur Mining

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.