Waratah Capital Advisors Ltd. Acquires New Holdings in Coeur Mining, Inc. $CDE

Waratah Capital Advisors Ltd. bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 525,785 shares of the basic materials company’s stock, valued at approximately $9,864,000. Waratah Capital Advisors Ltd. owned 0.08% of Coeur Mining at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CDE. Vestmark Advisory Solutions Inc. purchased a new position in shares of Coeur Mining during the 3rd quarter worth approximately $198,000. PNC Financial Services Group Inc. grew its stake in shares of Coeur Mining by 20.3% in the third quarter. PNC Financial Services Group Inc. now owns 9,494 shares of the basic materials company’s stock valued at $178,000 after buying an additional 1,600 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Coeur Mining in the third quarter valued at $469,000. GK Wealth Management LLC raised its holdings in shares of Coeur Mining by 17.9% in the 3rd quarter. GK Wealth Management LLC now owns 17,095 shares of the basic materials company’s stock valued at $321,000 after buying an additional 2,599 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new position in Coeur Mining during the 3rd quarter worth about $622,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $24.82 on Wednesday. The stock’s 50-day simple moving average is $21.27 and its 200-day simple moving average is $17.91. The firm has a market capitalization of $15.93 billion, a PE ratio of 28.52 and a beta of 1.21. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CDE has been the subject of several research reports. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Zacks Research lowered Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.88.

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.