Penn Capital Management Company LLC Has $15.12 Million Holdings in Coeur Mining, Inc. $CDE

Penn Capital Management Company LLC lowered its position in Coeur Mining, Inc. (NYSE:CDE) by 37.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 804,852 shares of the basic materials company’s stock after selling 473,881 shares during the period. Penn Capital Management Company LLC owned 0.13% of Coeur Mining worth $15,115,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CDE. JPL Wealth Management LLC acquired a new stake in Coeur Mining during the 3rd quarter worth about $35,000. Covestor Ltd boosted its stake in 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 acquiring an additional 1,823 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Coeur Mining in the third quarter worth $62,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $30,000 after buying an additional 1,435 shares during the period. Finally, Luminist Capital LLC bought a new stake in Coeur Mining in the 2nd quarter valued at about $40,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on CDE shares. Royal Bank Of Canada boosted their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Canaccord Genuity Group downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Roth Mkm reissued a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Coeur Mining Stock Up 0.4%

CDE opened at $21.03 on Wednesday. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77. The company’s 50-day moving average price is $22.79 and its two-hundred day moving average price is $19.12. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 24.18 and a beta of 1.16. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10.

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

Coeur Mining 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.