Inceptionr LLC Purchases Shares of 47,477 Coeur Mining, Inc. $CDE

Inceptionr LLC acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,477 shares of the basic materials company’s stock, valued at approximately $891,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CDE. Savant Capital LLC increased its stake in Coeur Mining by 2.3% in the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 1,066 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of Coeur Mining by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 1,183 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 1,435 shares in the last quarter. MAI Capital Management raised its holdings in shares of Coeur Mining by 36.4% in the 3rd quarter. MAI Capital Management now owns 5,704 shares of the basic materials company’s stock worth $107,000 after buying an additional 1,521 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Coeur Mining by 20.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,494 shares of the basic materials company’s stock worth $178,000 after buying an additional 1,600 shares during the period. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 0.4%

CDE opened at $22.73 on Tuesday. The firm has a 50 day simple moving average of $22.39 and a 200 day simple moving average of $18.74. 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 market cap of $14.60 billion, a price-to-earnings ratio of 26.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66.

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

Analysts Set New Price Targets

CDE has been the subject of several recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and a consensus price target 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.