SG Americas Securities LLC Trims Stake in Coeur Mining, Inc. $CDE

SG Americas Securities LLC reduced its stake in Coeur Mining, Inc. (NYSE:CDE) by 57.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,004 shares of the basic materials company’s stock after selling 104,082 shares during the period. SG Americas Securities LLC’s holdings in Coeur Mining were worth $1,426,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares in the last quarter. Luminist Capital LLC purchased a new stake in Coeur Mining in the second quarter worth $40,000. USA Financial Formulas bought a new position in Coeur Mining in the third quarter worth $110,000. PNC Financial Services Group Inc. lifted its position in Coeur Mining by 180.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,894 shares of the basic materials company’s stock valued at $70,000 after buying an additional 5,075 shares during the period. Finally, Kathmere Capital Management LLC purchased a new position in Coeur Mining during the second quarter valued at $89,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Price Performance

Shares of CDE opened at $22.55 on Friday. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $23.61. The company has a market capitalization of $14.48 billion, a P/E ratio of 34.17 and a beta of 1.24. The firm has a 50 day moving average of $17.30 and a 200 day moving average of $15.23. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate 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 net margin of 24.03% and a return on equity of 15.52%. During the same quarter in the prior year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 76.9% on a year-over-year basis. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CDE shares. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research note on Monday, December 29th. TD Securities lifted their target price 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. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Finally, Roth Capital raised their price objective on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “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.