CI Investments Inc. Makes New Investment in Coeur Mining, Inc. $CDE

CI Investments Inc. bought a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 536,528 shares of the basic materials company’s stock, valued at approximately $10,065,000.

A number of other hedge funds have also bought and sold shares of CDE. EverSource Wealth Advisors LLC grew its stake in Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the period. Covestor Ltd grew its position in Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,823 shares during the period. Luminist Capital LLC purchased a new stake in Coeur Mining during the second quarter worth about $40,000. Focus Partners Wealth bought a new stake in Coeur Mining in the first quarter worth about $60,000. Finally, Bogart Wealth LLC purchased a new position in Coeur Mining in the third quarter valued at about $62,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $24.10 on Wednesday. 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, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The stock has a market cap of $15.47 billion, a PE ratio of 27.70 and a beta of 1.16. The stock has a fifty day moving average of $22.05 and a 200-day moving average of $18.41.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $674.85 million for the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CDE has been the subject of several research analyst reports. TD Securities raised their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and an average target price of $20.88.

Coeur Mining Profile

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.