22,300 Shares in Coeur Mining, Inc. $CDE Acquired by Systematic Alpha Investments LLC

Systematic Alpha Investments LLC bought a new stake in Coeur Mining, Inc. (NYSE:CDE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,300 shares of the basic materials company’s stock, valued at approximately $418,000.

Several other hedge funds also recently bought and sold shares of CDE. Covestor Ltd grew its holdings in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,823 shares in the last quarter. Bogart Wealth LLC purchased a new stake in Coeur Mining in the 3rd quarter worth approximately $62,000. EverSource Wealth Advisors LLC grew its stake in 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 during the period. Luminist Capital LLC acquired a new position in Coeur Mining in the 2nd quarter valued at $40,000. Finally, MAI Capital Management lifted its stake in shares of Coeur Mining by 36.4% during the 3rd quarter. MAI Capital Management now owns 5,704 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 1,521 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 4.8%

Shares of CDE opened at $22.61 on Friday. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77. The firm has a market capitalization of $14.52 billion, a P/E ratio of 25.99 and a beta of 1.16. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $22.23 and its 200 day simple moving average is $18.48.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. Coeur Mining’s revenue was up 120.9% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CDE. Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Roth Mkm reiterated a “buy” rating and set a $29.00 target price on shares of Coeur Mining in a research report on Thursday, February 19th. TD Securities raised their price target on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Zacks Research cut Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.88.

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.