Charles Schwab Investment Management Inc. Sells 161,545 Shares of Coeur Mining, Inc. (NYSE:CDE)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,593,094 shares of the basic materials company’s stock after selling 161,545 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Coeur Mining were worth $31,600,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after purchasing an additional 365,115 shares during the period. American Century Companies Inc. lifted its position 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 during the period. Millennium Management LLC lifted its position in shares of Coeur Mining by 2.6% in the 2nd quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after acquiring an additional 72,423 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Coeur Mining by 4.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,453,721 shares of the basic materials company’s stock worth $13,790,000 after acquiring an additional 93,500 shares during the period. Finally, M&G Plc bought a new stake in shares of Coeur Mining in the 2nd quarter worth approximately $9,966,000. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

CDE has been the subject of several analyst reports. Canaccord Genuity Group raised their target price on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets raised their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Raymond James raised their target price 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. Roth Mkm reiterated a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Stock Up 8.6 %

Shares of Coeur Mining stock opened at $6.72 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Coeur Mining, Inc. has a 12 month low of $2.42 and a 12 month high of $7.72. The business has a fifty day simple moving average of $6.60 and a 200 day simple moving average of $6.20. The stock has a market cap of $2.68 billion, a PE ratio of -223.93 and a beta of 1.60.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue was up 61.1% on a year-over-year basis. Research analysts predict that Coeur Mining, Inc. will post 0.15 EPS for the current 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.