Marex Group plc Takes Position in Coeur Mining, Inc. $CDE

Marex Group plc acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the second quarter, Holdings Channel reports. The firm acquired 48,066 shares of the basic materials company’s stock, valued at approximately $426,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its position in shares of Coeur Mining by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after buying an additional 1,183 shares during the last quarter. BFI Infinity Ltd. lifted its position in Coeur Mining by 3.2% during the second quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock valued at $386,000 after acquiring an additional 1,355 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,435 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Coeur Mining by 7.2% in the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 1,602 shares in the last quarter. Finally, Plancorp LLC grew its holdings in Coeur Mining by 0.5% in the first quarter. Plancorp LLC now owns 300,790 shares of the basic materials company’s stock worth $1,781,000 after purchasing an additional 1,617 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 1.9%

Shares of Coeur Mining stock opened at $16.91 on Tuesday. The stock has a market cap of $10.86 billion, a PE ratio of 25.63 and a beta of 1.33. The firm has a fifty day moving average price of $17.07 and a 200 day moving average price of $13.62. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $23.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.Coeur Mining’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. Equities research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

CDE has been the subject of several recent analyst reports. Roth Capital raised their price target on Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday. TD Securities increased their price objective on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Thursday, October 30th. Zacks Research lowered shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.75.

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.