SG Americas Securities LLC Acquires 15,621 Shares of Coeur Mining, Inc. (NYSE:CDE)

SG Americas Securities LLC raised its position in Coeur Mining, Inc. (NYSE:CDE) by 32.7% during the third quarter, Holdings Channel reports. The fund owned 63,454 shares of the basic materials company’s stock after acquiring an additional 15,621 shares during the period. SG Americas Securities LLC’s holdings in Coeur Mining were worth $437,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CDE. Tidal Investments LLC bought a new position in Coeur Mining in the first quarter valued at about $41,587,000. American Century Companies Inc. lifted its holdings in Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after acquiring an additional 4,606,711 shares during the period. Vanguard Group Inc. lifted its holdings in Coeur Mining by 12.5% in 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 acquiring an additional 3,989,352 shares during the period. Van ECK Associates Corp lifted its holdings in Coeur Mining by 6.5% in the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after acquiring an additional 2,345,791 shares during the period. Finally, M&G Plc bought a new position in Coeur Mining in the second quarter valued at about $9,966,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CDE. Canaccord Genuity Group upped their price target on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Roth Mkm upped their price target on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Raymond James upped their price target 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. Finally, BMO Capital Markets upped their price target on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Stock Performance

NYSE:CDE opened at $6.53 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. Coeur Mining, Inc. has a 12-month low of $2.00 and a 12-month high of $7.72. The stock has a 50-day moving average price of $6.34 and a 200 day moving average price of $5.77. The stock has a market capitalization of $2.61 billion, a P/E ratio of -21.06 and a beta of 1.65.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $242.18 million. During the same quarter last year, the business posted ($0.06) earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. Equities research analysts forecast that Coeur Mining, Inc. will post 0.11 EPS for the current fiscal year.

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.