Van ECK Associates Corp Raises Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Van ECK Associates Corp boosted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 34,469,783 shares of the basic materials company’s stock after purchasing an additional 365,115 shares during the period. Van ECK Associates Corp owned approximately 0.09% of Coeur Mining worth $251,629,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC grew its stake in Coeur Mining by 18.3% during the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 2,232 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Coeur Mining by 12.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock worth $135,000 after buying an additional 4,030 shares in the last quarter. CWM LLC grew its stake in Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Coeur Mining by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after buying an additional 5,956 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Coeur Mining by 59.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock worth $90,000 after buying an additional 5,993 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Down 4.5 %

Shares of Coeur Mining stock traded down $0.29 during trading on Friday, reaching $6.15. The company’s stock had a trading volume of 9,630,120 shares, compared to its average volume of 10,820,634. Coeur Mining, Inc. has a 52-week low of $2.00 and a 52-week high of $7.72. The firm’s 50-day moving average is $6.56 and its two-hundred day moving average is $5.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. During the same quarter in the prior year, the company earned ($0.06) EPS. The firm’s revenue was up 25.3% on a year-over-year basis. As a group, research analysts predict that Coeur Mining, Inc. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on CDE shares. Canaccord Genuity Group boosted their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Raymond James boosted their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Roth Mkm boosted their price target on shares of Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets boosted their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.