Coeur Mining, Inc. $CDE Shares Sold by Three Seasons Wealth LLC

Three Seasons Wealth LLC lowered its position in Coeur Mining, Inc. (NYSE:CDE) by 49.5% in the third quarter, HoldingsChannel reports. The firm owned 38,549 shares of the basic materials company’s stock after selling 37,808 shares during the period. Three Seasons Wealth LLC’s holdings in Coeur Mining were worth $723,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its holdings in Coeur Mining by 28.6% in the 1st quarter. Raymond James Financial Inc. now owns 840,095 shares of the basic materials company’s stock valued at $4,973,000 after purchasing an additional 186,644 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Coeur Mining by 58.2% during the 1st quarter. MetLife Investment Management LLC now owns 368,867 shares of the basic materials company’s stock valued at $2,184,000 after buying an additional 135,638 shares during the period. Corebridge Financial Inc. lifted its holdings in Coeur Mining by 55.9% in the first quarter. Corebridge Financial Inc. now owns 306,197 shares of the basic materials company’s stock valued at $1,813,000 after acquiring an additional 109,765 shares during the last quarter. Ieq Capital LLC grew its position in Coeur Mining by 177.3% in the first quarter. Ieq Capital LLC now owns 90,271 shares of the basic materials company’s stock worth $534,000 after acquiring an additional 57,715 shares during the period. Finally, State of Wyoming purchased a new position in Coeur Mining in the first quarter worth approximately $52,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

CDE opened at $19.19 on Monday. The stock’s 50-day moving average price is $16.58 and its 200 day moving average price is $14.20. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $23.61. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 29.08 and a beta of 1.33. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $554.57 million for the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The firm’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Thursday, October 30th. TD Securities boosted their price objective on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Coeur Mining in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.75.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.