Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 19.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,183 shares of the basic materials company’s stock after purchasing an additional 129,117 shares during the period. Bank of Montreal Can’s holdings in Coeur Mining were worth $4,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of 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 buying an additional 424,835 shares during the period. Vanguard Group Inc. increased its position in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Coeur Mining by 149.1% in the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after purchasing an additional 193,912 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Coeur Mining by 247.7% during the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 80,531 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Coeur Mining by 3.0% during the first quarter. California State Teachers Retirement System now owns 380,213 shares of the basic materials company’s stock worth $1,433,000 after purchasing an additional 11,183 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 0.4 %

NYSE:CDE opened at $6.91 on Wednesday. The company has a market capitalization of $2.76 billion, a PE ratio of -22.27 and a beta of 1.64. Coeur Mining, Inc. has a 52-week low of $2.00 and a 52-week high of $7.72. The stock’s 50 day moving average price is $6.22 and its 200 day moving average price is $5.55. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE) last announced 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 net margin of 8.33% and a negative return on equity of 4.59%. The business had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. During the same period last year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CDE. BMO Capital Markets raised their price target on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note 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. Raymond James upped their price target on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, Roth Mkm raised their price objective on shares of Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.83.

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.