Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. reduced its position in shares of Coeur Mining, Inc. (NYSE:CDEFree Report) by 51.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,165 shares of the basic materials company’s stock after selling 578,617 shares during the period. Alps Advisors Inc.’s holdings in Coeur Mining were worth $1,201,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in Coeur Mining in the second quarter valued at $29,000. Rathbones Group PLC acquired a new stake in Coeur Mining in the third quarter valued at $35,000. Point72 Middle East FZE acquired a new stake in Coeur Mining in the fourth quarter valued at $36,000. Envestnet Asset Management Inc. acquired a new stake in Coeur Mining in the third quarter valued at $37,000. Finally, CI Private Wealth LLC acquired a new stake in Coeur Mining in the fourth quarter valued at $39,000. 61.55% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Trading Up 3.7 %

CDE stock opened at $3.19 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $4.55. The firm’s 50-day simple moving average is $2.76 and its 200 day simple moving average is $2.66.

Wall Street Analyst Weigh In

CDE has been the subject of several recent research reports. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. Raymond James lowered their target price on shares of Coeur Mining from $4.00 to $3.75 and set a “market perform” rating for the company in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.79.

Read Our Latest Analysis on CDE

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.

See Also

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

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