Coeur Mining, Inc. (NYSE:CDE) Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. raised its position in Coeur Mining, Inc. (NYSE:CDE) by 160.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 586,000 shares of the basic materials company’s stock after purchasing an additional 361,000 shares during the quarter. U S Global Investors Inc.’s holdings in Coeur Mining were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CDE. Tidal Investments LLC bought a new position in shares of Coeur Mining in the first quarter valued at approximately $41,587,000. American Century Companies Inc. boosted its holdings in shares of Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after acquiring an additional 4,606,711 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after acquiring an additional 3,989,352 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Coeur Mining by 6.5% in the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after acquiring an additional 2,345,791 shares in the last quarter. Finally, M&G Plc bought a new position in shares of Coeur Mining in the second quarter valued at approximately $9,966,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of Coeur Mining stock traded up $0.20 during trading on Tuesday, hitting $7.41. 1,622,699 shares of the company’s stock traded hands, compared to its average volume of 7,621,813. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The firm’s fifty day moving average price is $6.43 and its 200 day moving average price is $5.84. Coeur Mining, Inc. has a twelve month low of $2.00 and a twelve month high of $7.72. The company has a market cap of $2.96 billion, a PE ratio of -23.23 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. During the same period last year, the firm posted ($0.06) EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. Analysts forecast that Coeur Mining, Inc. will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

CDE has been the subject of several recent analyst reports. Roth Mkm increased their price objective on shares of Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, September 25th. BMO Capital Markets raised their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Canaccord Genuity Group raised their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Raymond James raised their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.81.

Coeur Mining Company 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.