Lane Generational LLC Sells 311,499 Shares of Coeur Mining, Inc. $CDE

Lane Generational LLC cut its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 35.2% during the 3rd quarter, Holdings Channel reports. The fund owned 574,130 shares of the basic materials company’s stock after selling 311,499 shares during the period. Coeur Mining comprises approximately 8.9% of Lane Generational LLC’s investment portfolio, making the stock its 2nd largest position. Lane Generational LLC’s holdings in Coeur Mining were worth $10,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CDE. Covestor Ltd boosted its position in shares of Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares in the last quarter. Bogart Wealth LLC bought a new stake in Coeur Mining in the 3rd quarter valued at about $62,000. EverSource Wealth Advisors LLC raised its stake in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares during the period. Luminist Capital LLC bought a new position in Coeur Mining in the second quarter worth approximately $40,000. Finally, USA Financial Formulas bought a new position in Coeur Mining in the third quarter worth approximately $110,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Down 16.8%

Coeur Mining stock opened at $20.44 on Friday. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. The firm’s 50-day simple moving average is $19.20 and its 200 day simple moving average is $16.33. The stock has a market cap of $13.12 billion, a PE ratio of 30.97 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data 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). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The business had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. Research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on CDE shares. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a report on Thursday, October 30th. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $18.17.

About Coeur Mining

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.