Wakefield Asset Management LLLP Trims Position in Coeur Mining, Inc. (NYSE:CDE)

Wakefield Asset Management LLLP cut its holdings in shares of Coeur Mining, Inc. (NYSE:CDEFree Report) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,187 shares of the basic materials company’s stock after selling 5,767 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Coeur Mining were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CDE. JPMorgan Chase & Co. grew its stake in shares of Coeur Mining by 163.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,002,353 shares of the basic materials company’s stock worth $4,461,000 after purchasing an additional 621,717 shares during the period. Raymond James & Associates grew its stake in Coeur Mining by 6.4% in the 1st quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 3,050 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Coeur Mining by 5.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 204,214 shares of the basic materials company’s stock valued at $909,000 after acquiring an additional 10,250 shares during the period. Bank of New York Mellon Corp grew its stake in Coeur Mining by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,128,208 shares of the basic materials company’s stock valued at $5,020,000 after acquiring an additional 15,716 shares during the period. Finally, Bank of Montreal Can grew its stake in Coeur Mining by 32.1% in the 1st quarter. Bank of Montreal Can now owns 655,171 shares of the basic materials company’s stock valued at $2,936,000 after acquiring an additional 159,300 shares during the period. 61.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CDE shares. StockNews.com started coverage on shares of Coeur Mining in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Raymond James dropped their price target on shares of Coeur Mining from $4.25 to $3.50 and set a “market perform” rating on the stock in a research note on Friday, November 10th. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $2.75 target price on shares of Coeur Mining in a research note on Friday, November 3rd. Finally, Royal Bank of Canada raised shares of Coeur Mining from a “sector perform” rating to an “outperform” rating and set a $4.00 target price on the stock in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Read Our Latest Report on Coeur Mining

Coeur Mining Stock Down 4.2 %

Shares of CDE opened at $2.61 on Thursday. The firm has a market cap of $996.70 million, a P/E ratio of -37.21 and a beta of 1.80. Coeur Mining, Inc. has a 12-month low of $2.00 and a 12-month high of $4.55. The company’s 50-day moving average price is $2.95 and its 200 day moving average price is $2.69. The company has a current ratio of 1.05, a quick ratio of 0.41 and a debt-to-equity ratio of 0.47.

Coeur Mining (NYSE:CDEGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $194.60 million during the quarter, compared to analysts’ expectations of $238.93 million. Coeur Mining had a negative net margin of 3.78% and a negative return on equity of 9.23%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) earnings per share. On average, sell-side analysts forecast that Coeur Mining, Inc. will post -0.19 earnings per share for the current year.

Coeur Mining Company Profile

(Free Report)

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. It primarily explores for gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,279 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

Further Reading

Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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