Coeur Mining, Inc. (NYSE:CDE) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC reduced its stake in Coeur Mining, Inc. (NYSE:CDE) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,158 shares of the basic materials company’s stock after selling 6,386 shares during the period. Capital Investment Advisory Services LLC’s holdings in Coeur Mining were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CDE. Jupiter Asset Management Ltd. boosted its stake in Coeur Mining by 95.9% in the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after acquiring an additional 5,017,119 shares during the period. Vanguard Group Inc. boosted its stake in Coeur Mining by 5.7% in the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after acquiring an additional 1,716,929 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after acquiring an additional 1,702,840 shares during the period. Van ECK Associates Corp boosted its position in shares of Coeur Mining by 5.4% during the third quarter. Van ECK Associates Corp now owns 32,722,099 shares of the basic materials company’s stock worth $72,643,000 after buying an additional 1,681,708 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Coeur Mining by 164.4% during the third quarter. Deutsche Bank AG now owns 2,287,978 shares of the basic materials company’s stock worth $5,079,000 after buying an additional 1,422,710 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Raymond James boosted their price objective on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective for the company. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Finally, National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Stock Performance

NYSE CDE opened at $4.53 on Thursday. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $5.47. The business’s fifty day moving average is $3.57 and its two-hundred day moving average is $3.06. 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 (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $262.10 million during the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. On average, analysts forecast that Coeur Mining, Inc. will post -0.08 EPS for the current fiscal year.

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.