Picton Mahoney Asset Management Boosts Position in Coeur Mining, Inc. $CDE

Picton Mahoney Asset Management increased its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 22.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,413,982 shares of the basic materials company’s stock after acquiring an additional 255,787 shares during the period. Picton Mahoney Asset Management’s holdings in Coeur Mining were worth $26,526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Savant Capital LLC increased its stake in shares of Coeur Mining by 2.3% in the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after buying an additional 1,066 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Coeur Mining by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock worth $580,000 after acquiring an additional 1,183 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares during the last quarter. MAI Capital Management boosted its position in Coeur Mining by 36.4% during the 3rd quarter. MAI Capital Management now owns 5,704 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 1,521 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in 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 worth $178,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 10.5%

NYSE:CDE opened at $24.10 on Wednesday. The company has a market capitalization of $15.47 billion, a P/E ratio of 27.70 and a beta of 1.16. The stock’s 50 day moving average price is $22.05 and its 200 day moving average price is $18.41. 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 52 week low of $4.58 and a 52 week high of $27.77.

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). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 120.9% on a year-over-year basis. On average, 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 topic of several research reports. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Royal Bank Of Canada lifted their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Roth Mkm restated a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a research report on Thursday, February 19th. TD Securities raised their price objective 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. Finally, Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.88.

Coeur Mining Company 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.