91,144 Shares in Coeur Mining, Inc. $CDE Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new stake in Coeur Mining, Inc. (NYSE:CDE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 91,144 shares of the basic materials company’s stock, valued at approximately $1,710,000.

Several other hedge funds have also made changes to their positions in the company. Tidal Investments LLC raised its position in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after buying an additional 7,382,955 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after acquiring an additional 7,013,222 shares during the last quarter. American Century Companies Inc. raised its position in Coeur Mining by 136.1% in the second quarter. American Century Companies Inc. now owns 2,759,607 shares of the basic materials company’s stock valued at $24,450,000 after purchasing an additional 1,591,008 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after purchasing an additional 1,339,138 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Coeur Mining by 84.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after purchasing an additional 1,315,348 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CDE shares. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Thursday, October 30th. TD Securities boosted their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Raymond James Financial set a $21.00 target price on shares of Coeur Mining in a report on Thursday, October 30th. Finally, Roth Mkm boosted their target price on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Coeur Mining has a consensus rating of “Buy” and an average price target of $18.17.

Coeur Mining Stock Down 16.8%

Coeur Mining stock opened at $20.44 on Friday. The firm has a market capitalization of $13.12 billion, a P/E ratio of 30.97 and a beta of 1.24. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $27.77. The stock’s fifty day simple moving average is $19.20 and its 200-day simple moving average is $16.28.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.